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5371 North Bay Road

Jordan Karp Acquires Single Family Home At 5371 North Bay Road For $2.51M
SOLDSingle Family Residence

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

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.

Players

Ethan Pickett

Douglas Elliman

Broker

$22.8M

vol

3 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Miami Beach 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

6.48%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93