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

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SOLD
$2,447,250

Florida

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Single Family Residence2,370 SF
Sold
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SOLD

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

5371 North Bay Road

See Similar Deals
Single Family Residence2,370 SF
Sold
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1032
Total Square Footage:2370 SF
Transaction Type:Sale

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
3 deals$22.8M volume
BROKER

Bryan Sereny
Douglas Elliman
19 deals$224M volume
BROKER

Jordan Karp
46 deals$660.9M volume(305) 610-1689
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Ethan Pickett, Bryan Sereny & Jordan Karp DATE: 12/19/2025 ADDRESS: 5371 North Bay Road MARKET: Miami Beach ASSET TYPE: Single Family BUYER: Jordan Karp SELLER: Jim Essey BUYER'S REP: Jordan Karp (@JayKarp) - Jordan Karp LLC (@JordanKarpLLC) SELLER'S REP: Bryan Sereny (@BryanSereny) & Ethan Pickett (@EthanPickett3) - Douglas Elliman (@DouglasElliman) SALE PRICE: $2,510,000 SF: 2,370 ~ PPSF: $1,059

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$130,519.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,694.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,601.21
Annual Debt Service$139,214.56