Updated Dec 19, 2023
John Petrozza Acquires SFR In Miami For $1.86M With Buyer's Rep Geva Bar & Seller's Rep Andrea Tavella
701 Northeast 81st Street
$1,860,000
$724/SF
Building Size
2,567 SF
Asset Type
Single Family Residence
Closing
Sep 21, 2022
About this deal
AI
An SFR located at 701 NE 81st St in Miami has been sold for $1,860,000. The property spans 2,567 square feet, resulting in a price per square foot of $725.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,860,000
- Address: 701 NE 81st St, Miami
- Market: Miami
- Square Footage: 2,567
The buyer, John Petrozza, acquired the property from sellers Stephen Fritz Ullrich and Rafaela Vezaro. Geva Bar from ONE | Sotheby's International Realty represented the buyer in the transaction, while Andrea Tavella from Vella Real Estate represented the sellers.
On the Map
$1,860,000
$724/SF
Single Family Residence
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Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $724 per square foot on a published $1.9M for 2,567 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.53%
Cash-on-Cash
-2.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93