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
Miami Beach 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93