AH 9208 Bay Drive LLC Purchases Waterfront Mansion From Reuven & Iris Herssein For $19.8M
9208 Bay Drive
$19,800,000
$2,062/SF
Building Size
9,600 SF
Asset Type
Single Family
Closing
Sep 25, 2024
AI
The property involved in this transaction is a single-family home located at 9208 Bay Drive in Surfside. The asset was sold for $19,800,000 and spans 9,600 square feet, resulting in a price per square foot of $2,063.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $19,800,000
- Address: 9208 Bay Drive
- Market: Surfside
- Square Footage: 9,600
- Price Per Square Foot: $2,063
- Buyer: AH 9208 Bay Drive LLC
- Seller: Reuven & Iris Herssein
- Broker Representatives: Hillary Hertzberg, Jill Hertzberg & Daniel Hertzberg - Coldwell Banker
The deal was facilitated by the Jills Zeder Group, comprised of brokers Hillary Hertzberg, Jill Hertzberg, and Daniel Hertzberg. This sale set a new record for single-family home prices in Surfside, surpassing the previous record of $15.3 million.
Players
Surfside 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
0.80%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93