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Mike Platon & Anthony Nucci Broker $2.8M Single Family Sale In North Miami Beach

Property Image
SOLD
$2,800,000

Florida

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Single Family3,219 SF
Sold 06/12/2024
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Property Image
SOLD

Mike Platon & Anthony Nucci Broker $2.8M Single Family Sale In North Miami Beach

3341 Northeast 170th Street

See Similar Deals
Single Family3,219 SF
Sold 06/12/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$869
Total Square Footage:3,219 SF
Transaction Type:Sale

The single-family property located at 3341 Northeast 170th Street in North Miami Beach was sold in a recent transaction. The property spans 3,219 square feet and was sold for $2,800,000, exceeding the initial asking price of $2,699,000. The price per square foot for this residence was $870.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,800,000
  • Buyer: Mike Platon - Vera Realty
  • Seller: Peter Eli
  • Seller's Representative: Anthony Nucci - Douglas Elliman

Mike Platon from Vera Realty represented the buyer in this transaction, while the seller, Peter Eli, was represented by Anthony Nucci from Douglas Elliman. The deal closed successfully, with the property being sold for a final price of $2,800,000, reflecting a price per square foot of $870.

Players

Anthony Nucci
6 deals$17.5M volume(305) 407-0741
BROKER

Mike Platon
Vera Realty
1 deal$2.8M volume(305) 833-3303
BROKER

Details

SOLD
IMAGE: Mike Platon & Anthony Nucci DATE: 06/12/2024 ADDRESS: 3341 Northeast 170th Street MARKET: North Miami Beach ASSET TYPE: Single Family SELLER: Peter Eli BUYER'S REP: Mike Platon - Vera Realty SELLER'S REP: Anthony Nucci (@Nuccirealestate) - Douglas Elliman (@DouglasElliman) ASKING PRICE: $2,699,000 SALE PRICE: $2,800,000 SF: 3,219 ~ PPSF: $870

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

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14