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Douglas Elliman Acquires Miami Beach Single Family Property For $5.5M

Property Image
SOLD
$5,500,000
Sari Libbin
DE
KB

Florida

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Single Family4,170 SF
Sold 11/09/2021
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Property Image
SOLD

Douglas Elliman Acquires Miami Beach Single Family Property For $5.5M

Miami Beach, FL, USA

See Similar Deals
Single Family4,170 SF
Sold 11/09/2021
Sari Libbin
DE
KB
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,318
Total Square Footage:4,170 SF
Transaction Type:Sale

A single-family property located in Miami Beach has been sold for a price of $5,500,000. The property spans a total of 4,170 square feet and is situated on a 0.4-acre lot. The transaction took place on November 9, 2021, and was handled by the broker Sari Libbin from Douglas Elliman. The buyer of the property was Douglas Elliman, represented by Brett Harris and Kevin Brill. The sellers of the property were Raquel Libbin and Jerry Libbin, who is associated with the Miami Beach Chamber of Commerce. The sale price per square foot for the property was $1,319.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $5,500,000
  • Square Footage: 4,170
  • Lot Size: 0.4 acres
  • Market: Miami Beach

The deal was facilitated by Sari Libbin from Douglas Elliman, who represented the buyer, Douglas Elliman, in the transaction. Brett Harris and Kevin Brill were the representatives from Douglas Elliman involved in the purchase. On the other side, Raquel Libbin and Jerry Libbin, associated with the Miami Beach Chamber of Commerce, were the sellers of the property.

Players

Sari Libbin
Douglas Elliman
Sari Libbin
3 deals$13M volume
BROKER
KB
Kevin Brill
2 deals$12.5M volume
BROKER
DE
Douglas Elliman
Douglas Elliman
5 deals$40.3M volume
BUYER

Details

SOLD
IMAGE: Jerry Libbin, Brett Harris, Sari Libbin & Kevin Brill DATE: 11/09/2021 MARKET: Miami Beach ASSET TYPE: Single Family ~ ACRES: 0.4 BUYER: Douglas Elliman - Brett Harris & Kevin Brill SELLER: Raquel Libbin; Jerry Libbin - Miami Beach Chamber of Commerce BROKER: Sari Libbin - Douglas Elliman SALE PRICE: $5,500,000 SF: 4,170 ~ PPSF: $1,319

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67