Updated Oct 29, 2024
Patrick Markert Acquires SFR In Miami Beach For $8.2M
6050 North Bay Road, Miami Beach, FL, USA
$8,200,000
$2,229/SF
Building Size
3,678 SF
Asset Type
Single Family Residence
Closing
Nov 18, 2020
About this deal
AI
A single-family home located at 6050 North Bay Road in Miami Beach has been sold for $8,200,000. The property spans over 3,678 square feet, resulting in a price per square foot of $2,229. The sale took place on November 19, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $8,200,000
- Address: 6050 North Bay Road, Miami Beach
- Market: Miami Beach
The buyer, Patrick Markert, represented by AmeriSave Mortgage Corp, acquired the property from the seller, Bart Reines. The deal was facilitated by Nelson Gonzalez from EWM Realty International.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $8.2M for 3,678 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93