Updated Dec 29, 2025
Jordan Karp Acquires Single Family Home At 5371 North Bay Road For $2.51M
5371 North Bay Road
$2,447,250
$1,032/SF
Building Size
2,370 SF
Asset Type
Single Family Residence
Closing
Dec 18, 2025
About this deal
AI
The asset involved in this transaction is a single-family home located at 5371 North Bay Road in the Miami Beach market. The property was sold for a total of $2,510,000, has a square footage of 2,370, and a price per square foot of $1,059.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,510,000
- Address: 5371 North Bay Road
- Market: Miami Beach
- Square Footage: 2,370
- Price Per Square Foot: $1,059
- Buyer: Jordan Karp
- Seller: Jim Essey
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representatives: Bryan Sereny & Ethan Pickett - Douglas Elliman
The transaction was facilitated by the involved parties with Jordan Karp representing himself as the buyer through his own firm, Jordan Karp LLC. The seller, Jim Essey, was represented by Bryan Sereny and Ethan Pickett from Douglas Elliman, contributing to the successful closing of the sale.
On the Map
$2,447,250
$1,032/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1K per square foot on a published $2.4M for 2,370 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.48%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93