Friedland & Friedlan Sell SFR In North Bay Village For $3.975M
SOLD
$3,975,000
Florida
See Similar DealsSingle Family Residence2,854 SF
Sold 08/25/2021
SOLD
Friedland & Friedlan Sell SFR In North Bay Village For $3.975M
7500 Miami View Drive, North Bay Village, FL 33141, USA
See Similar DealsSingle Family Residence2,854 SF
Sold 08/25/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,392
Total Square Footage:2,854 SF
Transaction Type:Sale
The single-family home located at 7500 Miami View Dr in North Bay Village has been sold. The property, with a size of 2,854 square feet, was listed for sale. The asking price for the home was $4,130,000, and it ultimately sold for $3,975,000. This translates to a price per square foot of $1,393.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,975,000
- Address: 7500 Miami View Dr
- Market: North Bay Village
- List Price: $4,130,000
- Square Footage: 2,854
The sellers of the property were Penelope Friedland and Clifford Friedlan. Representing them in the transaction were Marko Gojanovic from ONE Sotheby’s Realty and Eli Faitelson from The Carroll Group - Compass.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$211,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,122.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,843.53
Annual Debt Service$226,122.34
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