Jordan Karp LLC Represents Buyer In $3.15M Sale Of Single Family Home In Miami Beach
5225 North Bay Road
$3,150,000
Building Size
—
Asset Type
Single Family
Closing
Dec 1, 2023
AI
The recently closed property transaction in Miami Beach involved a single-family home located at 5225 North Bay Road. The property spans 2,466 square feet and was sold for a price of $3,150,000, resulting in a price per square foot of $1,277.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,150,000
- Square Footage: 2,466
- Address: 5225 North Bay Road, Miami Beach
Jordan Karp from Jordan Karp LLC represented the buyer in this transaction, while David Pullman from Sotheby's International Realty represented the seller.
Players
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
5.04%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93