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David Kingen Purchases Single Family Residence In North Miami For $11.675M With Compass Representatives

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SOLD
$11,675,000

Florida

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Single Family Residence5,671 SF
Sold 03/06/2025
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Property Image
SOLD

David Kingen Purchases Single Family Residence In North Miami For $11.675M With Compass Representatives

1995 Northeast 118th Road

See Similar Deals
Single Family Residence5,671 SF
Sold 03/06/2025
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,058
Total Square Footage:5,671 SF
Transaction Type:Sale

The property involved in this transaction is a Single Family Residence located at 1995 Northeast 118th Road in North Miami. The residence spans a total of 5,671 square feet and was sold for $11,675,000.00.

Summary of transaction details:

  • Property Type: Single Family Residence
  • Transaction Amount: $11,675,000.00
  • Address: 1995 Northeast 118th Road
  • Market: North Miami
  • Square Footage: 5,671.0
  • Buyer: David Kingen
  • Seller: David and April Reimer
  • Buyer's Representative: Ali Seid (Compass)
  • Seller's Representatives: Chad Carroll (Compass), Matthew Dugow (Compass)

In this transaction, the buyer, David Kingen, was represented by Ali Seid of Compass, while the sellers, David and April Reimer, were represented by Chad Carroll and Matthew Dugow, also from Compass.

Players

Chad Carroll
84 deals$1.7B volume(305) 400-9507
BROKER

Matthew Dugow
Compass
31 deals$947.5M volume(305) 494-0033
BROKER

Ali Seid
Compass
9 deals$34.4M volume(917) 767-4683
BROKER

Details

SOLD
IMAGE: Ali Seid, Chad Carroll & Matthew Dugow DATE: 03/06/2025 ADDRESS: 1995 Northeast 118th Road MARKET: North Miami ASSET TYPE: Single Family BUYER: David Kingen SELLER: David & April Reimer SELLER'S REP: Ali Seid (@AliSamekSeid), Chad Carroll (@ChadCarroll) & Matthew Dugow (@MatthewDugow) - Compass (@Compass) SALE PRICE: $11,675,000 SF: 5,671 ~ PPSF: $2,058

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,478.80
Cash-on-Cash Return-1.27%
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