facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

5901 North Bayshore Drive, ...

Douglas Cramer & Hubert Bush Acquire SFR In Miami For $8.1M
SOLDSingle Family Residence

Douglas Cramer & Hubert Bush Acquire SFR In Miami For $8.1M

5901 North Bayshore Drive, Miami, FL, USA

$8,122,500

$1,532/SF

Building Size

5,299 SF

Asset Type

Single Family Residence

Closing

Jan 14, 2021

AI

An SFR located at 5901 North Bayshore Drive in Miami was sold on 01/15/2021. The property was purchased by Douglas Cramer and Hubert Bush for a price of $8,122,500. The SFR spans a total of 5,299 square feet, resulting in a price per square foot of $1533. The seller of the property was Leslie Lara Weil, represented by Bruce Alan from Boies Schiller Flexner LLP. The buyer was represented by Esther Percal and Nelson Gonzalez from Berkshire Hathaway HomeServices EWM Realty.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $8,122,500
  • Address: 5901 North Bayshore Drive
  • Market: Miami

Notable individuals involved in this transaction include Douglas Cramer and Hubert Bush as the buyers. The sellers were Leslie Lara Weil, represented by Bruce Alan from Boies Schiller Flexner LLP. The buyer's representatives were Esther Percal and Nelson Gonzalez from Berkshire Hathaway HomeServices EWM Realty.

Players

Nelson Gonzalez

Berkshire Hathaway HomeServices

Broker

$761.2M

vol

44 deals

Broker

Douglas Cramer

Buyer

$31.1M

vol

2 deals

Buyer
BL
Boies Schiller Flexner LLPSeller

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.95%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93