facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family

/

Sale

/

Miami Beach, FL, USA

N Bay Rd Developments LLC Acquires Single Family Asset In Miami Beach For $13,600,000
SOLDSingle Family

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

Daniel Hertzberg

Coldwell Banker

Broker

$1.7B

vol

67 deals

Broker

Francisco Perez

Buyer

$123.6M

vol

6 deals

Buyer
BL
Boies Schiller Flexner LLPSeller

Miami Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

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