Ralph Wayer Sells Single Family Home At 85 Northeast 50th Street For $2.6M
85 Northeast 50th Street
$2,600,000
$2,342/SF
Building Size
1,110 SF
Asset Type
Single Family Residence
Closing
May 12, 2025
AI
The asset involved in this transaction is a single-family home located at 85 Northeast 50th Street in the Miami market. The property sold for $2,600,000, encompassing a total square footage of 1,110, which equates to a price per square foot of $2,342.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,600,000
- Address: 85 Northeast 50th Street
- Market: Miami
- Square Footage: 1,110
- Price per Square Foot: $2,342
- Seller: Ralph Wayer
- Brokers: Nancy Batchelor, Carolyn Batchelor & Hayden Trotter - Compass
In this transaction, the sellers were represented by brokers Nancy Batchelor, Carolyn Batchelor, and Hayden Trotter from Compass, highlighting the involvement of multiple professionals in facilitating the sale of the property.
Players
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93