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85 Northeast 50th Street

Ralph Wayer Sells Single Family Home At 85 Northeast 50th Street For $2.6M
SOLDSingle Family Residence

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

Nancy Batchelor

Compass

Broker

$352.3M

vol

51 deals

Broker
Compass
CompassSeller

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