Updated Dec 4, 2024
Yisroel Druin Sells Miami Single Family Home Formerly Owned By Betty Wright
1035 Northeast 107th Street
$2,000,000
$354/SF
Building Size
5,644 SF
Asset Type
Single Family
Closing
Feb 29, 2024
About this deal
AI
The property involved in this transaction is a Single Family home located at 1035 Northeast 107th Street in Miami. Formerly owned by Grammy Award Winner, Betty Wright, this 5,644 square foot property was sold for $2,000,000 at a price per square foot of $354.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,000,000
- Address: 1035 Northeast 107th Street
- Market: Miami
- Seller: Yisroel Druin
- Broker: Orly Ahula - London Foster Realty
- SF: 5,644
- PPSF: $354
Orly Ahula from London Foster Realty facilitated the smooth and swift cash deal for this property. Following the transaction, potential investors seeking similar investment properties or value-added opportunities are encouraged to contact Orly Ahula for further assistance.
Players
Miami Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $354 per square foot on a published $2M for 5,644 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93