Evan Weiss Of 305 Degrees Realty Represents Buyer In $13.51M Miami Beach Single Family Sale
SOLD
$13,514,000
Florida
See Similar DealsSingle Family Residence3,756 SF
Sold 12/09/2024
SOLD
Evan Weiss Of 305 Degrees Realty Represents Buyer In $13.51M Miami Beach Single Family Sale
214 West San Marino Drive
See Similar DealsSingle Family Residence3,756 SF
Sold 12/09/2024
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,598
Total Square Footage:3,756 SF
Transaction Type:Sale
The property asset involved in this transaction is a single-family home located at 214 West San Marino Drive in the Miami Beach market. The property has a total area of 3,756 square feet and was sold for $13,514,000, translating to a price per square foot of $3,597.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $13,514,000
- Address: 214 West San Marino Drive
- Market: Miami Beach
- Square Footage: 3,756
- Price Per Square Foot: $3,597
- Buyer's Representative: Evan Weiss - 305 Degrees Realty
- Seller's Representatives: Jackson Keddell, & Dean Bloch - Douglas Elliman
Evan Weiss represented the buyer in this transaction, while the seller was represented by Jackson Keddell and Dean Bloch. This collaboration involved key individuals from two different agencies in the real estate market, facilitating the sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,746.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,012.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,063.25
Annual Debt Service$768,759.05
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