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655 Northeast 50th Terrace

James Zhuo Purchases Miami Single Family Home For $1.9M With Compass Brokers
SOLDSingle Family Residence

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:

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

Nancy Batchelor

Compass

Broker

$352.3M

vol

51 deals

Broker

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