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Nabil Jimenez Of Douglas Elliman Acquires Miami Beach Single Family Property For $10M As Buyer's Rep
SOLD
Florida
See Similar DealsSingle Family3,671 SF
Sold 03/25/2024
SOLD
Nabil Jimenez Of Douglas Elliman Acquires Miami Beach Single Family Property For $10M As Buyer's Rep
1011 North Venetian Drive
See Similar DealsSingle Family3,671 SF
Sold 03/25/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,724
Total Square Footage:3,671 SF
Transaction Type:Sale
A single-family property located at 1011 North Venetian Drive in Miami Beach was sold for $10 million. The property, spanning 0.31 acres, features 3,671 square feet of living space with a price per square foot of $2,724.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,000,000
- Address: 1011 North Venetian Drive
- Market: Miami Beach
- Asset Type: Single Family
- Acres: 0.31
The buyer's representative in this transaction was Nabil Jimenez from Douglas Elliman, while the seller's representatives were Daniel Hertzberg & Jill Hertzberg from Coldwell Banker.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$533,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22
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