Updated Mar 18, 2025
David Kingen Purchases Single Family Residence In North Miami For $11.675M With Compass Representatives
1995 Northeast 118th Road
$11,675,000
$2,058/SF
Building Size
5,671 SF
Asset Type
Single Family Residence
Closing
Mar 6, 2025
About this deal
AI
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.
On the Map
$11,675,000
$2,058/SF
Single Family Residence
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Players
North Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $11.7M for 5,671 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93