Jeremy & Pauline Gelber Acquire Pinecrest SFR From Seller Samir Moussa For $8.9M
SOLD
$8,900,000
Florida
See Similar DealsSingle Family Residence8,863 SF
Sold 03/17/2022
SOLD
Jeremy & Pauline Gelber Acquire Pinecrest SFR From Seller Samir Moussa For $8.9M
6540 Southwest 123rd Street, Miami, Florida 33156, United States
See Similar DealsSingle Family Residence8,863 SF
Sold 03/17/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,004
Total Square Footage:8,863 SF
Transaction Type:Sale
A single-family home located at 6540 SW 123rd St in Pinecrest has been sold for $8,900,000. With a total square footage of 8,863, the price per square foot for this property comes out to be $1,004. The transaction took place on March 17, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $8,900,000
- Address: 6540 SW 123rd St
- Market: Pinecrest
The buyer of this property is Jeremy and Pauline Gelber, while the seller is Samir Moussa. Adam Prince from All Prime Realty, Inc. served as the buyer's representative in this deal. On the other hand, Hilda Jacobson and Russell Jacobson, along with Douglas Elliman, represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$474,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49
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