Douglas Elliman Acquires Miami Beach Single Family Property For $5.5M
Miami Beach, FL, USA
$5,500,000
$1,318/SF
Building Size
4,170 SF
Asset Type
Single Family
Closing
Nov 9, 2021
AI
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
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93