facebook
Traded Co logo
Submit
Daily limit: 0/10

Kim Ng Sells Coconut Grove Home At $4.46M In Miami Deal

Property Image
SOLD
$4,460,000
Monica S. Betancourt
GG

Florida

See Similar Deals
Single Family3,383 SF
Sold 04/23/2024
the dealplayerscompscontact
Property Image
SOLD

Kim Ng Sells Coconut Grove Home At $4.46M In Miami Deal

3901 Kumquat Avenue

See Similar Deals
Single Family3,383 SF
Sold 04/23/2024
Monica S. Betancourt
GG
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,318
Total Square Footage:3,383 SF
Transaction Type:Sale

The single-family property located at 3901 Kumquat Avenue in Miami was sold for $4,460,000. The 3,383 square-foot home was purchased by Kim Ng and Tony Markward, who made a profit of $1,260,000 following renovations that included a new kitchen and flooring.

Summary of transaction details:

The transaction was facilitated by Gina Gardner of Engel & Völkers and Monica Betancourt of Berkshire Hathaway HomeServices EWM Realty. Kim Ng, the former general manager of the Miami Marlins, sold the property for its asking price, achieving a successful real estate investment.

Players

Monica S. Betancourt
Coldwell Banker
Monica S. Betancourt
2 deals$35.5M volume(305) 632-7248
BROKER
GG
Engel & Völkers
Gina Gardner
1 deal$4.5M volume
BROKER

Details

SOLD
IMAGE: Monica Betancourt, Kim Ng & Tony Markward DATE: 04/23/2024 ADDRESS: 3901 Kumquat Avenue MARKET: Miami ASSET TYPE: Single Family ~ ACRES: 0.26 SELLER: Kim Ng; Tony Markward - Silas Wines BUYER'S REP: Gina Gardner - Engel & Völkers (@EngelVoelkers.global) SELLER'S REP: Monica Betancourt (@MBGMiami) - Berkshire Hathaway HomeServices EWM Realty (@EWMRealty) SALE PRICE: $4,460,000 SF: 3,383 ~ PPSF: $1,318 NOTE: Kim Ng, former general manager of the Miami Marlins and the first woman to hold such a position in major North American sports, sold her Coconut Grove home at 3901 Kumquat Avenue for its asking price of $4,460,000 million. Ng and her husband purchased the 3,400-square-foot property in 2021 for $3.2 million, making a substantial profit following renovations that included a new kitchen and flooring. The buyer's identity has yet to be disclosed, and the transaction was facilitated by Gina Gardner of Engel & Völkers and Monica Betancourt of Berkshire Hathaway HomeServices EWM Realty.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$237,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,845.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,142.68
Annual Debt Service$253,712.10