Josh Stern Acquires Single Family Home At 1035 Fairway Drive Miami Beach For $1.95M
1035 Fairway Drive
$1,950,000
$241/SF
Building Size
8,065 SF
Asset Type
Single Family Residence
Closing
Apr 7, 2025
AI
The property asset involved in the transaction is a single-family home located at 1035 Fairway Drive in Miami Beach. The sale price for the property was $1,950,000, and it encompasses a total square footage of 8,065.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,950,000
- Address: 1035 Fairway Drive
- Market: Miami Beach
- Square Footage: 8,065
- Buyer: Josh Stern
- Seller: Garrett Barten
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representatives: Hayden Trotter & Nancy Batchelor - Compass
The transaction includes key representations with Jordan Karp acting as the buyer's representative, while Hayden Trotter and Nancy Batchelor represent the seller in this deal.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93