facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family

/

Sale

/

5900 Southwest 108th Street

Pilar Ruiz De La Torre & Michael Martinez Facilitate $9.4M Sale In Pinecrest
SOLDSingle Family

Pilar Ruiz De La Torre & Michael Martinez Facilitate $9.4M Sale In Pinecrest

5900 Southwest 108th Street

$9,400,000

$1,424/SF

Building Size

6,601 SF

Asset Type

Single Family

Closing

Mar 14, 2024

AI

A 6,601-square-foot, seven-bedroom single-family home located at 5900 Southwest 108th Street in Pinecrest was sold for $9.4 million. The property sits on a 0.87-acre lot and was acquired by S-REIT LLC from Oscar Renjel of Zumma Investments.

Summary of transaction details:

Oscar Renjel's Juni Holdings LLC had purchased the site for $2 million in 2022 and completed the construction of the mansion earlier this year, initially listing it for $9.5 million in February before finalizing the sale to S-REIT LLC.

Players

Michael Martinez

Sotheby's International Realty

Broker

$134.6M

vol

18 deals

Broker

Pinecrest Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.69%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93