Patrick C Emans Acquires SFR In Miami Beach, FL For $38.5M
SOLD
$38,500,000
Florida
See Similar DealsSingle Family Residence14,469 SF
Sold 01/24/2022
SOLD
Patrick C Emans Acquires SFR In Miami Beach, FL For $38.5M
6396 North Bay Road, Miami Beach, Florida 33141, United States
See Similar DealsSingle Family Residence14,469 SF
Sold 01/24/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,660
Total Square Footage:14,469 SF
Transaction Type:Sale
Located at 6396 N Bay Rd in Miami Beach, FL, this single-family home (SFR) was sold on January 24, 2022. The property spans 14,469 square feet and was sold at a price of $38,500,000, resulting in a price per square foot of $2,660.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $38,500,000
- Buyer: Patrick C Emans
- Seller: Philippe Harari
- Address: 6396 N Bay Rd, Miami Beach, FL
- Market: Miami Beach, FL
- Price per Square Foot: $2,660
The buyer of this property was Patrick C Emans, while the seller was Philippe Harari.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$136,782.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$182,509.64
Annual Debt Service$2,190,115.70
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