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NN2 Dilido LLC Acquires SFR In Miami Beach For $10.2M

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SOLD
$10,200,000

Florida

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Single Family Residence5,782 SF
Sold 10/05/2020
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SOLD

NN2 Dilido LLC Acquires SFR In Miami Beach For $10.2M

709 E Dilido Dr, Miami Beach, FL 33139, USA

See Similar Deals
Single Family Residence5,782 SF
Sold 10/05/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,764
Total Square Footage:5,782 SF
Transaction Type:Sale

709 E. Dilido Drive, located in Miami Beach, was recently sold in a closed property transaction. The asset involved in this transaction is a single-family residential property (SFR) with a total square footage of 5,782. The sale price for this property was $10,200,000, resulting in a price per square foot of $1,764.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $10,200,000
  • Market: Miami Beach

NN2 Dilido LLC, a Michigan limited liability company, acted as the buyer in this transaction. They were represented by Gatien Salaun from an undisclosed agency. On the other hand, Cana Brava Delaware LLC, a Delaware limited liability company, served as the seller. Julian Johnston acted as the seller's agent. Both the buyer and seller have successfully concluded this property transaction.

Players

Julian Johnston
55 deals$777.3M volume(305) 502-3985
BROKER

Gatien Salaun⁠
Coldwell Banker
3 deals$12.5M volume
BROKER

Details

SOLD
IMAGE: IMAGE: Gatien Salaun & Julian Johnston⁠ DATE: 10/05/2020⁠ ADDRESS: 709 E. Dilido Drive⁠ MARKET: Miami Beach⁠ ASSET TYPE: SFR⁠ BUYER: NN2 Dilido LLC, a Michigan limited liability company⁠ SELLER: Cana Brava Delaware LLC, a Delaware limited liability company⁠ BUYER’S AGENT: Gatien Salaun⁠ SELLER’S AGENT: Julian Johnston⁠ […] PRICE: $10,200,000⁠ SF: 5,782 / PPSF: $1,764

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$544,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45