Arlene Landsman Sells Single Family Home At 5361 North Bay Road For $2M With Sam Chute And Federico Nimhauser As Reps
5361 North Bay Road
$2,000,000
$891/SF
Building Size
2,244 SF
Asset Type
Single Family Residence
Closing
Sep 18, 2024
AI
The property involved in this transaction is a single family home located at 5361 North Bay Road in the Miami Beach market. The sale price reached $2,000,000, encompassing a square footage of 1,963, which translates to a price per square foot of $1,018.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,000,000
- Address: 5361 North Bay Road
- Market: Miami Beach
- Square Footage: 1,963
- Price per Square Foot: $1,018
- Seller: Arlene Landsman
- Buyer's Representative: Federico Nimhauser - Hauser Realty
- Seller's Representative: Sam Chute - London Foster Realty
The transaction was facilitated by Federico Nimhauser, who represented the buyer in this deal, while Sam Chute served as the representative for the seller, ensuring the interests of their respective clients were met throughout the sale process.
Players
Miami Beach 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93