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.
On the Map
$2,500,000
$758/SF
Single Family Residence
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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