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9408 Bay Drive, Surfside, F...

9408 Bay Drive In Surfside Sells For Record-Breaking $6.95M With 9408 Bay Drive LLC As The Buyer And Reuven & Iris Herssein As The Seller
SOLDSingle Family Residence

9408 Bay Drive In Surfside Sells For Record-Breaking $6.95M With 9408 Bay Drive LLC As The Buyer And Reuven & Iris Herssein As The Seller

9408 Bay Drive, Surfside, Fl, Usa

$6,950,000

$1,023/SF

Building Size

6,793 SF

Asset Type

Single Family Residence

Closing

Jan 28, 2021

AI

An SFR located at 9408 Bay Drive in Surfside was recently sold in a record-breaking deal. The property, measuring 6,793 square feet, was purchased by 9408 Bay Drive LLC for a sale price of $6,950,000. The transaction took place on January 29, 2021. The seller of the property was Reuven & Iris Herssein. The buyer's representative in the deal was Sharon Beck, along with their attorney Adam Yormack. Mendel Felig from Compass represented the sellers in the transaction. The asking price for the property was $6,990,000, making the sale price slightly lower. The price per square foot for the property was $1,016.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $6,950,000
  • Address: 9408 Bay Drive
  • Market: Surfside

This sale marks a significant milestone for Surfside, setting a new record for property transactions in the area. With its prime location and desirable features, this SFR attracted attention and fetched a remarkable sale price. The involvement of reputable representatives such as Sharon Beck and Mendel Felig further underscores the significance of this deal.

Players

Sharon Beck

The Agency

Broker

$84M

vol

11 deals

Broker

Surfside 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

2.28%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93