Updated Oct 28, 2024
David M. Lazarus Acquires SFR In Golden Beach For $15.5M
88 Terracina Avenue
$15,500,000
$1,609/SF
Building Size
9,633 SF
Asset Type
Single Family Residence
Closing
Nov 30, 2021
About this deal
AI
The property involved in this closed transaction is a Single Family Residence (SFR) located at 88 Terracina Avenue in the Golden Beach market. The sale took place on November 30, 2021.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $15,500,000
- Address: 88 Terracina Avenue
- Market: Golden Beach
The buyer in this transaction is David M. Lazarus, representing TRS 88 Terracina Land Trust, with Jeffrey M. Perlow as their representative. The seller is Tony Roye and Carolina Frange. The brokers involved in the deal are Alan Eskenazi and Alexander Goldstein from Miles Goldstein Real Estate, as well as Jacky Koenig from EXP Realty, LLC. The interior designer for the property is Artek Design.
The property spans 7,873 square feet, with a price per square foot of $1,969.
Players
Golden Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $1.6K per square foot on a published $15.5M for 9,633 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93