BRG International Brokers Facilitate $18M Sale Of Bay Harbor Islands Single Family
SOLD
Florida
See Similar DealsSingle Family8,548 SF
Sold 04/01/2024
SOLD
BRG International Brokers Facilitate $18M Sale Of Bay Harbor Islands Single Family
9530 West Broadview Drive
See Similar DealsSingle Family8,548 SF
Sold 04/01/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,105
Total Square Footage:8,548 SF
Transaction Type:Sale
A single-family property located at 9530 West Broadview Drive in Bay Harbor Islands was sold for $18 million. Spanning 0.3 acres, the property boasts 8,548 square feet of living space, commanding a price per square foot of $2,106.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $18,000,000
- Address: 9530 West Broadview Drive
- Market: Bay Harbor Islands
- Square Footage: 8,548
- Price per Square Foot: $2,106
- Buyer's Rep: Matias Alem & Sergio Balinotti - BRG International
- Seller's Rep: Daniel Hertzberg & Jill Hertzberg - Coldwell Banker
The deal was facilitated by BRG International, with Matias Alem and Sergio Balinotti representing the buyer, while Coldwell Banker's Daniel Hertzberg and Jill Hertzberg acted as the seller's representatives in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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