Updated Sep 9, 2024
Tal & Oren Alexander Acquire SFR On Miami Beach For $4M
5835 North Bay Road, Miami Beach, FL 33140
$4,000,000
$1,397/SF
Building Size
2,863 SF
Asset Type
Single Family Residence
Closing
Jan 19, 2022
About this deal
AI
A single-family residential property located at 5835 N Bay Rd in Miami Beach has been sold for $4,000,000. The property spans 2,863 square feet with a price per square foot of $1,397. The transaction took place on January 19, 2022. The sale was facilitated by brokers Tal & Oren Alexander, representing Douglas Elliman.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,000,000
- Address: 5835 N Bay Rd
- Market: Miami Beach
- Square Footage: 2,863
- Price per Square Foot: $1,397
- Brokers: Tal & Oren Alexander - Douglas Elliman
Tal & Oren Alexander, representing Douglas Elliman, played a pivotal role in the successful sale of the property. Their expertise and network within the Miami Beach market contributed to the transaction's favorable outcome.
Players
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93