John Petrozza Acquires SFR In Miami For $1.86M With Buyer's Rep Geva Bar & Seller's Rep Andrea Tavella
SOLD
$1,860,000
Florida
See Similar DealsSingle Family Residence2,567 SF
Sold 09/21/2022
SOLD
John Petrozza Acquires SFR In Miami For $1.86M With Buyer's Rep Geva Bar & Seller's Rep Andrea Tavella
701 Northeast 81st Street
See Similar DealsSingle Family Residence2,567 SF
Sold 09/21/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$724
Total Square Footage:2,567 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$99,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,608.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,817.35
Annual Debt Service$105,808.19
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