N Bay Rd Developments LLC Acquires Single Family Asset In Miami Beach For $13,600,000
Miami Beach, FL, USA
$13,600,000
$1,679/SF
Building Size
8,096 SF
Asset Type
Single Family
Closing
Sep 30, 2021
AI
A single-family home located in Miami Beach has been sold for $13,600,000. The property, with a total area of 8,096 square feet, was purchased by N Bay Rd Developments LLC, represented by Miguel Yoma, Guillermo Osses, and Francisco Perez. The sellers of the property were Marguerite Zack and Steve Zack, who were represented by their broker Boies Schiller Flexner LLP. The buyer's representative in the deal was Danny Hertzberg from The Jills Zeder Group.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $13,600,000
- Market: Miami Beach
- Square Footage: 8,096
- Price per Square Foot: $1,680
The purchase of this single-family home in Miami Beach was facilitated by N Bay Rd Developments LLC, led by Miguel Yoma, Guillermo Osses, and Francisco Perez. On the selling side, Marguerite Zack and Steve Zack worked with their broker, Boies Schiller Flexner LLP. Danny Hertzberg, from The Jills Zeder Group, represented the buyer in this transaction. This sale marks a significant investment in the Miami Beach real estate market.
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
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93