The Corcoran Group Sells Miami Beach SFR On West San Marino Drive For $9.5M
SOLD
$9,500,000
Florida
See Similar DealsSingle Family Residence4,549 SF
Sold 11/25/2020
SOLD
The Corcoran Group Sells Miami Beach SFR On West San Marino Drive For $9.5M
416 West San Marino Drive, Miami Beach, FL, USA
See Similar DealsSingle Family Residence4,549 SF
Sold 11/25/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,088
Total Square Footage:4,549 SF
Transaction Type:Sale
The recently closed property transaction in Miami Beach involves a Single Family Residence (SFR) located at 416 W. San Marino Drive. The property was sold for a price of $9,500,000, with a total area of 4,549 square feet. The price per square foot (PPSF) comes out to be $2,088. The transaction took place on November 25, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,500,000
- Address: 416 W. San Marino Drive
- Market: Miami Beach
The deal was facilitated by Julian Johnston of The Corcoran Group, who acted as the broker representing the parties involved in the transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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