facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

672 South Shore Drive, Miam...

Raj Prakash Acquires SFR In Miami Beach From Tim Hardaway Jr. For $6.75M
SOLDSingle Family Residence

Raj Prakash Acquires SFR In Miami Beach From Tim Hardaway Jr. For $6.75M

672 South Shore Drive, Miami Beach, FL 33141, USA

$6,750,000

$1,227/SF

Building Size

5,500 SF

Asset Type

Single Family Residence

Closing

Oct 15, 2021

AI

A single-family home located at 672 S Shore Dr in Miami Beach has been sold in a recent transaction. The property, spanning 5,500 square feet, was purchased by Raj Prakash for a sale price of $6,750,000. The transaction took place on October 15, 2021. The seller of the property was Tim Hardaway Jr. The buyer's representative in the deal was Ignacio Villanueva, while the seller was represented by Isaac Malagon of Empire Network Realty.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $6,750,000
  • Address: 672 S Shore Dr, Miami Beach
  • Market: Miami Beach

The sale price for the property was slightly below the asking price of $7,000,000. The price per square foot (PPSF) for the home equated to approximately $1,227. This transaction showcases the successful acquisition of a notable property in Miami Beach by Raj Prakash, facilitated by Ignacio Villanueva as the buyer's representative and Isaac Malagon of Empire Network Realty as the seller's representative.

Players

Ignacio Villanueva

Broker

$8.2M

vol

2 deals

Broker

Tim Hardaway Jr

Seller

$15.9M

vol

2 deals

Seller

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.35%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93