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Miami Beach, FL, USA

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

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

Sari Libbin

Douglas Elliman

Broker

$13M

vol

3 deals

Broker

Douglas Elliman

Douglas Elliman

Buyer

$40.3M

vol

5 deals

Buyer

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