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610 North Island Road, Gold...

Michael Rappaport Acquires Single Family Home In Golden Beach For $14.1M
SOLDSingle Family Residence

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

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.

Players

Jonathan Mann

Coldwell Banker

Broker

$348.6M

vol

22 deals

Broker

Michael Rappaport

Buyer

$33.7M

vol

2 deals

Buyer
Michael Klinger

Michael Klinger

Saber Real Estate Advisors

Seller

$223.2M

vol

10 deals

Seller
Saber Real Estate Advisors
Saber Real Estate AdvisorsSeller

Golden Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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