Updated Dec 21, 2023
Charles Rutenberg Acquires SFR In North Bay Village For $3.85M With Buyer's Rep Wendy Sanchez & Seller's Rep Nicolas Boucher
7504 West Treasure Drive, North Bay Village, FL, USA
$3,850,000
$916/SF
Building Size
4,199 SF
Asset Type
Single Family Residence
Closing
Feb 22, 2021
About this deal
AI
Located in North Bay Village, this single-family residence at 7504 W Treasure Dr was recently sold in a closed transaction. The property, with a total area of 4,199 square feet, was listed with an asking price of $3,975,000. After negotiations, the sale was finalized at $3,850,000, resulting in a price per square foot of $917.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $3,850,000
- Address: 7504 W Treasure Dr
- Market: North Bay Village
The buyer's representative in this transaction was Wendy Sanchez from Charles Rutenberg, while Nicolas Boucher from BHHS EWM Realty represented the seller. These individuals played pivotal roles in facilitating the successful sale of the property.
Players
North Bay Village Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $916 per square foot on a published $3.9M for 4,199 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93