James Zhuo Purchases Miami Single Family Home For $1.9M With Compass Brokers
655 Northeast 50th Terrace
$1,900,000
$853/SF
Building Size
2,226 SF
Asset Type
Single Family Residence
Closing
Jul 5, 2024
AI
The single-family property located at 655 Northeast 50th Terrace in Miami was sold for $1,900,000. Spanning 2,226 square feet, the property was acquired at a price per square foot of $854.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,900,000
- Buyer: James Zhuo
- Brokers: Nancy Batchelor, James Conley, & Ali Seid - Compass
Representing the buyer in this transaction was James Zhuo. Facilitating the deal were Nancy Batchelor, James Conley, and Ali Seid from Compass, the brokerage firm that played a pivotal role in the sale of the property.
Players
Miami 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93