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994 Northeast 78th Street, ...

Wendy Sanchez Acquires SFR In Shorecrest, Miami For $6.2M
SOLDSingle Family Residence

Wendy Sanchez Acquires SFR In Shorecrest, Miami For $6.2M

994 Northeast 78th Street, Miami, Florida 33138, United States

$6,200,000

$1,904/SF

Building Size

3,255 SF

Asset Type

Single Family Residence

Closing

May 30, 2022

AI

The closed property transaction in Shorecrest, Miami involved the sale of a single-family residence located at 994 NE 78th St. The property spans 3,255 square feet and was sold for a price of $6,200,000, resulting in a cost per square foot of $1,905.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $6,200,000
  • Market: Shorecrest, Miami
  • Buyer's Representative: Wendy Sanchez - Charles Rutenberg
  • Seller's Representative: Larry Shinbaum - Luxuri International Real Estate

Wendy Sanchez from Charles Rutenberg represented the buyer in the transaction, while Larry Shinbaum from Luxuri International Real Estate represented the seller. These individuals played a crucial role in facilitating the deal and ensuring a successful transaction for both parties.

Players

Larry Shinbaum

Luxuri International Realty

Broker

$57.5M

vol

10 deals

Broker

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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93