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Miami Beach, Miami, Florida...

Elizabeth Fein And Jarett Fein Acquire Miami Beach Single Family Property For $15.3M
SOLDSingle Family

Elizabeth Fein And Jarett Fein Acquire Miami Beach Single Family Property For $15.3M

Miami Beach, Miami, Florida 33125, United States

$15,300,000

$2,688/SF

Building Size

5,691 SF

Asset Type

Single Family

Closing

Jan 18, 2022

AI

A single-family property located in Miami Beach, spanning approximately 0.7 acres, has recently been sold for a total of $15,300,000. The property, with a living area of 5,691 square feet, was sold at a price per square foot of $2,688. The transaction took place on January 18, 2022.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $15,300,000
  • Market: Miami Beach
  • Acres: 0.7

The buyer, Elizabeth Fein, acquired the property with the assistance of Jarett Fein, representing Kensington Vanguard National Land Services. The seller, Barry Brodsky, was represented by Hillary Hertzberg of The Jills Zeder Group - Coldwell Banker. Elyse Rosenberg, from Coldwell Banker, acted as the buyer's representative in the deal.

Players

Hillary Hertzberg

Broker

$148.9M

vol

11 deals

Broker
KS
Kensington Vanguard National Land ServicesBuyer

Barry P Brodsky

Brodson Construction

Seller

$81.1M

vol

5 deals

Seller

Miami 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

1.04%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93