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709 E Dilido Dr, Miami Beac...

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

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

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

$10,200,000

$1,764/SF

Building Size

5,782 SF

Asset Type

Single Family Residence

Closing

Oct 4, 2020

AI

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

The Corcoran Group

Broker

$777.3M

vol

55 deals

Broker

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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93