Updated Mar 4, 2025
Maria Posada & Nicholas Henrich Acquire Single Family Home From First United Methodist Church For $2.5M
165 South Shore Drive
$2,500,000
$758/SF
Building Size
3,295 SF
Asset Type
Single Family Residence
Closing
Feb 28, 2025
About this deal
AI
A single-family home located at 165 South Shore Drive in Miami was sold for $2,500,000. The property's total square footage is 3,295, resulting in a price per square foot of $758.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,500,000
- Address: 165 South Shore Drive
- Market: Miami
- Square Footage: 3,295
- Price per Square Foot: $758
- Buyer: Maria Posada & Nicholas Henrich
- Seller: First United Methodist Church of Miami
- Buyer's Representative: Olga Medina - One Sotheby’s International Realty
- Seller's Representative: Marco Tine - Serhant
- Close Duration: 24 days
Olga Medina represented the buyers, Maria Posada and Nicholas Henrich, while Marco Tine represented the seller, the First United Methodist Church of Miami, in this transaction.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93