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Henry Kohn Purchases Single Family Home In Miami Beach For $10.5M

Property Image
SOLD
$10,500,000
Mendel  Fellig
Oren Alexander
+ 1

Florida

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Single Family5,568 SF
Sold 03/08/2024
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Property Image
SOLD

Henry Kohn Purchases Single Family Home In Miami Beach For $10.5M

2957 Flamingo Drive

See Similar Deals
Single Family5,568 SF
Sold 03/08/2024
Mendel  Fellig
Oren Alexander
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,885
Total Square Footage:5,568 SF
Transaction Type:Sale

The single-family property located at 2957 Flamingo Drive in Miami Beach was recently sold for $10,500,000. Spanning 5,568 square feet, the property was transacted at a price per square foot of $1,886. The seller, Babba Joshua Yesharim, facilitated the deal with the buyer, Henry Kohn, with representation from Laura Pantano of Interealty Exchange for the buyer and Oren Alexander of Official alongside Mendel Fellig of Compass for the seller.

Summary of transaction details:

The collaboration between Laura Pantano from Interealty Exchange representing the buyer and Oren Alexander from Official in conjunction with Mendel Fellig from Compass representing the seller played a pivotal role in the successful closure of this substantial property deal.

Players

Oren Alexander
106 deals$2B volume(305) 610-4559
BROKER

Mendel  Fellig
Compass
28 deals$201.9M volume
BROKER

Babba Joshua Yesharim
28 deals$107.5M volume
BROKER

Laura Pantano
Coldwell Banker
2 deals$15.2M volume(305) 725-0667
BROKER

Interealty Exchange
BROKERAGE

Details

SOLD
IMAGE: Mendel Fellig, Oren Alexander, Laura Pantano & Babba Joshua Yesharim DATE: 03/08/2024 ADDRESS: 2957 Flamingo Drive MARKET: Miami Beach ASSET TYPE: Single Family BUYER: Henry Kohn SELLER: Babba Joshua Yesharim (@BabbaJoon) BUYER'S REP: Laura Pantano (@LauraPantanoGroup) - Interealty Exchange (@Ire.RealEstateSolutions) SELLER'S REP: Oren Alexander (@OrenAlexander) - Official (@OfficialPartners); Mendel Fellig (@MendelFelligGroup) - Compass (@Compass) SALE PRICE: $10,500,000 SF: 5,568 ~ PPSF: $1,886

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

$559,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28