Limestone Asset Management Sells SFR In Miami To Compass For $5.5M
531 NE 52nd St, Miami, FL 33137
$5,500,000
$1,227/SF
Building Size
4,480 SF
Asset Type
Single Family Residence
Closing
Sep 7, 2023
AI
A single-family residential property located at 531 NE 52 Street in Miami has been sold. The property, spanning 4,480 square feet, was sold for a price of $5,500,000. The transaction was facilitated by Limestone Asset Management, the seller, and the buyer was represented by Anna Gold from Compass.
Summary of Transaction Details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $5,500,000
- Address: 531 NE 52 Street, Miami
- Market: Miami
- Square Footage: 4,480
- Seller: Limestone Asset Management
- Buyer's Representative: Anna Gold - Compass
- Seller's Representatives: Brandon Brugal and Uccio Zecchini - BZG International
Brandon Brugal and Uccio Zecchini from BZG International played a crucial role as the seller's representatives in this transaction. The property, with a price per square foot of $1,228, offers a unique opportunity for the buyer to own a single-family residence in Miami's real estate market.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93