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NW 7th St, Spring Garden, M...

Nerlens Noel Acquires SFR In Spring Garden, Miami For $804.5K
SOLDSingle Family Residence

Nerlens Noel Acquires SFR In Spring Garden, Miami For $804.5K

NW 7th St, Spring Garden, Miami, FL, USA

$804,500

$308/SF

Building Size

2,608 SF

Asset Type

Single Family Residence

Closing

Nov 2, 2021

AI

The property involved in this closed transaction is a single-family home located at 823 NW 7th St Rd in the Spring Garden neighborhood of Miami. The property spans 2,608 square feet and was sold for a price of $804,500, resulting in a price per square foot of $308. The sale took place on November 2, 2021. The transaction involved the buyer, Nerlens Noel, and the sellers, David Lacey and Andrew Halloran.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $804,500
  • Date: 11/02/2021
  • Address: 823 NW 7th St Rd
  • Market: Spring Garden, Miami

Representing the buyer, Nerlens Noel, was Neal Klotsman from Douglas Elliman. On the seller's side, Jackson Keddell from The Miami Experts acted as the representative. It is worth noting that this sale was an investment property.

Players

Neal Klotsman

Douglas Elliman

Broker

$39.6M

vol

9 deals

Broker

Miami 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

19.72%

Cash-on-Cash

-5.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93