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760 Northeast 115th Street,...

$2M SFR Sale In Biscayne Park, FL Sets Record-Pricing
SOLDSingle Family Residence

$2M SFR Sale In Biscayne Park, FL Sets Record-Pricing

760 Northeast 115th Street, Biscayne Park, Florida 33161, United States

$2,000,000

$701/SF

Building Size

2,852 SF

Asset Type

Single Family Residence

Closing

Mar 31, 2022

AI

Located in Biscayne Park, Miami, this single-family home (SFR) at 760 NE 115th St has recently been sold. The property, covering an area of 2,852 square feet, achieved a sale price of $2,000,000, making it the highest per square foot sale in the area. With a price per square foot of $701, this transaction highlights the growing demand and value of properties in Biscayne Park.

Summary of transaction details

  • Property Type: Single-Family Home (SFR)
  • Transaction Amount: $2,000,000
  • Square Footage: 2,852
  • Price per Square Foot: $701
  • Market: Biscayne Park, FL

This successful sale was facilitated by the collaboration between Compass and Lifestyle International Realty. Their expertise played a crucial role in securing this record-breaking deal, showcasing their ability to navigate the competitive Biscayne Park real estate market. The sale of 760 NE 115th St marks a milestone for the area, demonstrating the increasing value and desirability of properties in Biscayne Park, Miami.

Players

Maleny Carrasco

Lifestyle International Realty

Broker

$7.9M

vol

3 deals

Broker

Biscayne Park Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93