Jordan Karp Of Jordan Karp LLC Represents Buyer In Sale Of Miami Beach Single Family Home For $5M
SOLD
Florida
See Similar DealsSingle Family Residence5,700 SF
Sold
SOLD
Jordan Karp Of Jordan Karp LLC Represents Buyer In Sale Of Miami Beach Single Family Home For $5M
5905 North Bay Road
See Similar DealsSingle Family Residence5,700 SF
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$877
Total Square Footage:5700 SF
Transaction Type:Sale
The property involved in this transaction is a single-family home located at 5905 North Bay Road in Miami Beach. The sale price for the asset was $5,000,000, encompassing a total square footage of 5,700 and a price per square foot of $877.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $5,000,000
- Address: 5905 North Bay Road
- Market: Miami Beach
- Square Footage: 5,700
- Price per Square Foot: $877
- Buyer’s Representative: Jordan Karp - Jordan Karp LLC
- Seller’s Representative: Cindy Orlinsky - Douglas Elliman
Jordan Karp served as the buyer's representative for this transaction, while Cindy Orlinsky represented the seller. Both individuals are affiliated with their respective agencies, facilitating the sale of this property.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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