Daniel Kirzner Acquires SFR In MiMo, Miami For $4.9M
994 Northeast 78th Street, Miami, FL, USA
$4,900,000
$1,505/SF
Building Size
3,255 SF
Asset Type
Single Family Residence
Closing
Aug 10, 2021
AI
A single-family residential property located at 994 NE 78 Street in the MiMo neighborhood of Miami has been sold. The property, with a total area of 3,255 square feet, was purchased by Daniel Kirzner. The seller of the property was Caroline Rawlins. The transaction was facilitated by brokers Larry Shinbaum and Sharon Beck. The sale price was $4,900,000. The property was initially listed for $5,150,000, indicating a successful negotiation resulting in a slightly reduced sale price. This translates to a price per square foot of $1,505.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $4,900,000
- Address: 994 NE 78 Street, MiMo, Miami
- Market: MiMo, Miami
Daniel Kirzner, the buyer, made this purchase, while Caroline Rawlins served as the seller. The transaction was overseen by brokers Larry Shinbaum and Sharon Beck. The property's sale price of $4,900,000 reflects a successful negotiation, slightly below the initial asking price of $5,150,000. With a total area of 3,255 square feet, the property was sold at a price per square foot of $1,505.
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93