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1357 Bay Ter

North Bay Village Single Family Sells For $9.25M With Buyer's Rep Elisabeth Gazay & Seller's Rep Jill Hertzberg
SOLDSingle Family

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

Jill Hertzberg

Coldwell Banker

Broker

$2.4B

vol

92 deals

Broker

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