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
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