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Ryan Farbstein & Max Farbstein Acquire Biscayne Point SFR For $3.9M

Property Image
SOLD
$3,895,000
Ryan Farbstein
Max Farbstein

Florida

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Single Family Residence2,381 SF
Sold
the dealplayerscompscontact
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SOLD

Ryan Farbstein & Max Farbstein Acquire Biscayne Point SFR For $3.9M

8033 Noremac Avenue, Miami Beach, Florida 33141, United States

See Similar Deals
Single Family Residence2,381 SF
Sold
Ryan Farbstein
Max Farbstein
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1635
Total Square Footage:2381 SF
Transaction Type:Sale

The single-family home located at 8033 Noremac Ave in Biscayne Point has been sold for a total price of $3,895,000. The property spans 2,381 square feet, resulting in a price per square foot of $1,636.

Summary of transaction details:

  • Property Type: Single Family Home
  • Transaction Amount: $3,895,000
  • Date: 03/04/2022
  • Address: 8033 Noremac Ave
  • Market: Biscayne Point

The buyer's representatives in this deal were Ryan Farbstein and Max Farbstein from Douglas Elliman. They played a crucial role in the successful completion of the transaction.

Players

Max Farbstein
Official
Max Farbstein
13 deals$92.8M volume(201) 572-2768
BROKER
Ryan Farbstein
Official
Ryan Farbstein
13 deals$92.8M volume(201) 572-2770
BROKER
Douglas Elliman
Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Max Farbstein & Ryan Farbstein DATE: 03/04/2022 ADDRESS: 8033 Noremac Ave MARKET: Biscayne Point ASSET TYPE: SFR BUYER'S REP: Ryan Farbstein (@RyanFarb) & Max Farbstein (@Max_Farb) - (@TheFarbsteinTeam) - Douglas Elliman (@DouglasElliman) SALE PRICE: $3,895,000 SF: 2,381 ~ PPSF: $1,636

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$207,733.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,838.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,464.29
Annual Debt Service$221,571.45