Jerry Sokol Purchases Single Family Home From Alex And Dana Ritzcovan For $9.93M In Miami Beach
65 South Hibiscus Drive
$9,933,333
$1,530/SF
Building Size
6,491 SF
Asset Type
Single Family Residence
Closing
May 11, 2025
AI
The asset involved in this transaction is a single-family home located at 65 South Hibiscus Drive in Miami Beach. The property encompasses a total square footage of 6,491 and was sold for a price of $9,933,333, resulting in a price per square foot of $1,530.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,933,333
- Address: 65 South Hibiscus Drive
- Market: Miami Beach
- Square Footage: 6,491
- Price Per Square Foot: $1,530
- Buyer: Jerry Sokol
- Seller: Alex Ritzcovan & Dana Ritzcovan
- Broker: Isaac Malagon - ONE Sotheby's International Realty
In this transaction, Jerry Sokol acted as the buyer, while Alex Ritzcovan and Dana Ritzcovan were the sellers. The deal was facilitated by broker Isaac Malagon, representing ONE Sotheby's International Realty.
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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93