Marlon Cohen Of Douglas Elliman Represents Buyer In Sale Of North Miami Single Family Home For $4M
SOLD
$4,000,000
Florida
See Similar DealsSingle Family Residence22,235 SF
Sold 04/16/2025
SOLD
Marlon Cohen Of Douglas Elliman Represents Buyer In Sale Of North Miami Single Family Home For $4M
11585 Northeast 22nd Drive
See Similar DealsSingle Family Residence22,235 SF
Sold 04/16/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$179
Total Square Footage:22,235 SF
Transaction Type:Sale
The property involved in this transaction is a single family home located at 11585 Northeast 22nd Drive in North Miami. The asset spans 22,235 square feet with a sale price of $4,000,000, reflecting a price per square foot of $179.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $4,000,000
- Address: 11585 Northeast 22nd Drive
- Market: North Miami
- Square Footage: 22,235
- Price Per Square Foot: $179
The buyer was represented by Marlon Cohen from Douglas Elliman, while Ryan Greenwald from Property Pro Partners LLC represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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