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860 South Shore Drive, Miam...

Crystal Solorzano Acquires SFR In Miami Beach From Pascal Nicolai For $5.9M
SOLDSingle Family Residence

Crystal Solorzano Acquires SFR In Miami Beach From Pascal Nicolai For $5.9M

860 South Shore Drive, Miami Beach, FL 33141, USA

$5,900,000

$1,151/SF

Building Size

5,126 SF

Asset Type

Single Family Residence

Closing

May 29, 2020

AI

The property sold in this transaction is a single-family home located at 860 S. Shore Drive in Miami Beach. The sale took place on May 29, 2021. The property is situated in the Miami Beach market and is a total of 5,126 square feet in size. It features a spacious lot, measuring 13,600 square feet. The sale price for this property was $5,900,000, resulting in a price per square foot of $1,151.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,900,000
  • Address: 860 S. Shore Drive, Miami Beach
  • Market: Miami Beach
  • Square Footage: 5,126
  • Seller: Pascal Nicolai @Sabaldev, @Sabalbuilder
  • Buyer: Crystal Solorzano
  • Seller's Representative: Ceiliah Epner - Compass Florida, LLC
  • Listing Agent: Jean-Noel Grinda

The seller, Pascal Nicolai, was represented in the transaction by Ceiliah Epner from Compass Florida, LLC. The buyer in this deal is Crystal Solorzano. It's worth noting that Pascal Nicolai is affiliated with Sabaldev and Sabalbuilder.

Players

Ceiliah Epner

Compass

Broker

$10.7M

vol

2 deals

Broker
S
SabalDevSeller

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.69%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93