North Bay Village Single Family Sells For $9.25M With Buyer's Rep Elisabeth Gazay & Seller's Rep Jill Hertzberg
1357 Bay Ter
$9,250,000
$1,642/SF
Building Size
5,631 SF
Asset Type
Single Family
Closing
Mar 3, 2023
AI
A North Bay Village property located in the 1300 block of Bay Terrace was sold on March 7, 2023 for $9,250,000, equating to $1,643 per square foot. The property, a single family home, was built in 2015 and has an interior space of 5,631 square feet. It features four bedrooms and five baths. The property sits on an 8,858-square-foot lot, which includes a pool.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,250,000
- Address: 1357 Bay Ter, North Bay Village
- Market: North Bay Village
- Square Footage: 5,631
- Price Per Square Foot: $1,643
The buyer's representative, Elisabeth Gazay from Douglas Elliman, facilitated the transaction on behalf of the buyer. Jill Hertzberg from Coldwell Banker Realty served as the seller's representative.
Players
North Bay Village Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93