Ryan Farbstein & Max Farbstein Acquire Biscayne Point SFR For $3.9M
8033 Noremac Avenue, Miami Beach, Florida 33141, United States
$3,895,000
$1,635/SF
Building Size
2,381 SF
Asset Type
Single Family Residence
Closing
Mar 3, 2022
AI
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
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93