Benjamin Malayev facilitates $2.4M Sale Of waterfront home in Eastern Shores
16400 Northeast 31st Avenue
$2,400,000
$1,137/SF
Building Size
2,110 SF
Asset Type
Single Family
Closing
Jun 12, 2024
AI
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:
- Property Type: Single Family
- Transaction Amount: $2,400,000
- Market: North Miami Beach
- SF: 2,110
- PPSF: $1,137
- Buyer: Alexander Michel
- Seller: Ish Gonzalez
- Seller's Rep: Benjamin Malayev - HL Real Estate Group
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.
North Miami Beach 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93