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6300 North Bay Road, Miami ...

Michelle Simkins & Jason Rubell Acquire Miami Beach SFR For $9.65M
SOLDSingle Family Residence

Michelle Simkins & Jason Rubell Acquire Miami Beach SFR For $9.65M

6300 North Bay Road, Miami Beach, FL, USA

$9,650,000

$1,242/SF

Building Size

7,765 SF

Asset Type

Single Family Residence

Closing

Jan 20, 2021

AI

Located in Miami Beach, the SFR at 6300 North Bay Road was recently sold in a closed transaction. The property spans a total of 7,765 square feet, with a price per square foot of $1,243. The sale took place on January 21, 2021, with a final sale price of $9,650,000.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $9,650,000
  • Address: 6300 North Bay Road
  • Market: Miami Beach
The buyer of the property was Michelle Simkins and Jason Rubell, while the seller was Gustavo Baptista Paulus. Representing the buyer was Brett Harris from Douglas Elliman, and representing the seller were Jill Hertzberg from The Jills Zeder Group - Coldwell Banker and Cassio Galiza from Podium Realty Group INC.

Players

Brett Harris

Douglas Elliman

Broker

$590M

vol

16 deals

Broker

Jason Rubell

Buyer

$70.2M

vol

5 deals

Buyer

Miami 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

1.64%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93