Updated Oct 28, 2024
Michael Rappaport Acquires Single Family Home In Golden Beach For $14.1M
610 North Island Road, Golden Beach, FL, USA
$14,145,000
$1,962/SF
Building Size
7,207 SF
Asset Type
Single Family Residence
Closing
May 14, 2020
About this deal
AI
A single-family property located at 610 North Island Road in Golden Beach has been sold. The property spans 7,207 square feet and was sold for a total of $14,145,000 at a price per square foot of $1,963.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $14,145,000
- Date: 05/14/2021
- Market: Golden Beach
The buyer of the property was Michael Rappaport, representing Homespire Mortgage, while the sellers were Michelle Klinger and Michael Klinger of Saber Real Estate Advisors. Marc Hameroff, from Engels & Volkers, acted as the buyer's representative in the transaction. On the other hand, Jon Mann, from The Jills Zeder Group - Coldwell Banker, represented the sellers.
On the Map
$14,145,000
$1,962/SF
Single Family Residence
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Players
Golden Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2K per square foot on a published $14.1M for 7,207 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93