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2957 Flamingo Drive

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

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

2957 Flamingo Drive

$10,500,000

$1,885/SF

Building Size

5,568 SF

Asset Type

Single Family

Closing

Mar 8, 2024

AI

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

Official

Broker

$2B

vol

106 deals

Broker
Interealty Exchange
Interealty ExchangeBrokerage

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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93