Marcello And Flavia Glass Purchase SFR In Miami's Buena Vista For $1.7M
69 NE 48th St Miami, FL 33137, USA
$1,700,000
$771/SF
Building Size
2,205 SF
Asset Type
Single Family Residence
Closing
Jul 21, 2023
AI
The property involved in this transaction is a Single Family Home located at 69 NE 48th St in the Buena Vista neighborhood of Miami. The property has a charming design and is just steps away from the Design District. It is situated on a double lot, with 2 separate folios, providing the buyer with the option to build a pool or sell/develop the vacant lot to maximize profits. The property spans 2,205 square feet and was sold for a price of $1,700,000, resulting in a price per square foot of $771.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $1,700,000
- Address: 69 NE 48th St
- Market: Miami
- Buyer: Marcello Glass & Flavia Glass
- Seller: Megan McIntosh & Guillermo Younger
- Broker: Brandon Brugal - BZG International Real Estate
The buyers of the property are Marcello Glass and Flavia Glass. The sellers are Megan McIntosh and Guillermo Younger. The broker representing this transaction is Brandon Brugal from BZG International Real Estate.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93