Jason Haim Trust Sells Miami Beach SFR For $6.15M With Brokers Alejandro Diaz Bazan & Cyndi Henriksen - Coldwell Banker Realty & Berkshire Hathaway HomeServices EWM Realty
SOLD
$6,150,000
Florida
See Similar DealsSingle Family Residence4,788 SF
Sold 04/20/2022
SOLD
Jason Haim Trust Sells Miami Beach SFR For $6.15M With Brokers Alejandro Diaz Bazan & Cyndi Henriksen - Coldwell Banker Realty & Berkshire Hathaway HomeServices EWM Realty
750 West 50th Street, Miami Beach, Florida 33140, United States
See Similar DealsSingle Family Residence4,788 SF
Sold 04/20/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,284
Total Square Footage:4,788 SF
Transaction Type:Sale
A single-family residence located at 750 W 50th St in Miami Beach was recently sold in a closed transaction. The property, measuring 4,788 square feet, was sold for $6,150,000 at a price per square foot of $1,284. The sale took place on 04/20/2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,150,000
- Address: 750 W 50th St
- Market: Miami Beach
The seller of the property was the Jason Haim Trust. The deal was facilitated by Alejandro Diaz Bazan from Coldwell Banker Realty and Cyndi Henriksen from Berkshire Hathaway HomeServices EWM Realty.
It is worthy to note that the property was previously listed for sale at an asking price of $6,250,000. However, it was eventually sold for $6,150,000, slightly lower than the initial asking price.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$328,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,849.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,154.14
Annual Debt Service$349,849.65
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