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Joel & Lauren Abelson Acquire Miami Beach Single Family For $9.7M

Property Image
SOLD
$9,700,000
Cyril Matz
Jessica Goldman Srebnick

Florida

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Single Family Residence7,442 SF
Sold
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Property Image
SOLD

Joel & Lauren Abelson Acquire Miami Beach Single Family For $9.7M

6686 Roxbury Lane, Miami Beach, FL, USA

See Similar Deals
Single Family Residence7,442 SF
Sold
Cyril Matz
Jessica Goldman Srebnick
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1303
Total Square Footage:7442 SF
Transaction Type:Sale

The single-family property located at 6686 Roxbury Lane in Miami Beach has been sold in a recent transaction. The property spans an area of 7,442 square feet and was sold for a total price of $9,700,000, resulting in a price per square foot of $1,303. The transaction took place on May 11, 2021.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $9,700,000
  • Address: 6686 Roxbury Lane
  • Market: Miami Beach

In this deal, the buyers are Joel and Lauren Abelson, while the sellers are Scott Srebnick and Jessica Goldman Srebnick of The Goldman Properties. The transaction was facilitated by broker Cyril Matz of Douglas Elliman.

Players

Cyril Matz
Douglas Elliman
Cyril Matz
17 deals$202.3M volume(305) 926-2600
BROKER
Jessica Goldman Srebnick
Jessica Goldman Srebnick
4 deals$24.1M volume
SELLER
TP
The Goldman Properties
SELLER

Details

SOLD
IMAGE: Cyril Matz, Jessica Goldman Srebnick & Scott Srebnick DATE: 05/11/2021 ADDRESS: 6686 Roxbury Lane MARKET: Miami Beach ASSET TYPE: Single Family BUYER: Joel & Lauren Abelson SELLER: Scott Srebnick; Jessica Goldman Srebnick - The Goldman Properties BROKER: Cyril Matz - Douglas Elliman SALE PRICE: $9,700,000 SF: 7,442 ~ PPSF: $1,303

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$517,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38