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

Property Image
SOLD
$8,122,500
Nelson Gonzalez

Florida

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Single Family Residence5,299 SF
Sold 01/15/2021
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Property Image
SOLD

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

5901 North Bayshore Drive, Miami, FL, USA

See Similar Deals
Single Family Residence5,299 SF
Sold 01/15/2021
Nelson Gonzalez
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,532
Total Square Footage:5,299 SF
Transaction Type:Sale

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
44 deals$761.2M volume
BROKER

Esther Percal
Berkshire Hathaway HomeServices
8 deals$51.4M volume
BROKER


SELLER

Details

SOLD
IMAGE: Esther Percal, Bruce Alan, Douglas Cramer, & Nelson Gonzalez DATE: 01/15/2021 ADDRESS: 5901 North Bayshore Drive MARKET: Miami ASSET TYPE: SFR BUYER: Douglas Cramer & Hubert Bush SELLER: Leslie Lara Weil, Bruce Alan - Boies Schiller Flexner LLP BROKERS: Esther Percal & Nelson Gonzalez - Berkshire Hathaway HomeServices EWM Realty PRICE: $8,122,500 SF: 5,299 ~ PPSF: $1533

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

$433,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$28,857.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,504.79
Annual Debt Service$462,057.53