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Benjamin Malayev facilitates $2.4M Sale Of waterfront home in Eastern Shores

Property Image
SOLD
$2,400,000

Florida

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Single Family2,110 SF
Sold 06/12/2024
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Property Image
SOLD

Benjamin Malayev facilitates $2.4M Sale Of waterfront home in Eastern Shores

16400 Northeast 31st Avenue

See Similar Deals
Single Family2,110 SF
Sold 06/12/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,137
Total Square Footage:2,110 SF
Transaction Type:Sale

An exquisite 4-bedroom, 3-bathroom waterfront home located in the prestigious Eastern Shores community has been sold for $2,400,000. Spanning 2,110 square feet, this remarkable corner property boasts a price per square foot of $1,137. The address of this single-family asset is 16400 Northeast 31st Avenue in North Miami Beach.

Summary of transaction details:

The seller's representative in this transaction was Benjamin Malayev from HL Real Estate Group. Benjamin facilitated the swift and successful sale of this elite property, which was finalized in just 72 hours. Additionally, the note from the seller's representative highlights their expertise in handling real estate transactions with professionalism and efficiency. Benjamin also offers exclusive access to off-market properties for clients seeking unique investment opportunities.

Players

Benjamin Malayev
HL Real Estate Group
Benjamin Malayev
7 deals$17.2M volume(347) 551-9919
BROKER

Details

SOLD
IMAGE: Benjamin Malayev DATE: 06/12/2024 ADDRESS: 16400 Northeast 31st Avenue MARKET: North Miami Beach ASSET TYPE: Single Family BUYER: Alexander Michel SELLER: Ish Gonzalez SELLER'S REP: Benjamin Malayev (@RealdealBenji) - HL Real Estate Group (@HLRealEstateGroup) ASKING PRICE: $2,650,000 SALE PRICE: $2,400,000 SF: 2,110 ~ PPSF: $1,137 NOTE FROM SELLER'S REP: We are thrilled to announce the swift and successful sale of an incredible 4-bedroom, 3-bathroom waterfront home in the prestigious Eastern Shores community. This remarkable corner property, spanning 13,000 square feet, was sold in just 72 hours. For those considering the acquisition of similar elite properties or thinking about selling their own, we invite you to connect with us. Our expertise in buying, selling, and investing ensures that each transaction is handled with the utmost professionalism and efficiency. Moreover, we offer exclusive access to a selection of off-market properties, providing our discerning clients with unique opportunities not available to the general public. If you are interested in exploring these opportunities or need guidance in selling your property, please do not hesitate to reach out. My goal is to exceed your expectations by delivering exceptional results. 🤝

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69