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

Property Image
SOLD
$13,600,000
+ 1

Florida

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Single Family8,096 SF
Sold 09/30/2021
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Property Image
SOLD

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

Miami Beach, FL, USA

See Similar Deals
Single Family8,096 SF
Sold 09/30/2021
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,679
Total Square Footage:8,096 SF
Transaction Type:Sale

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 (Danny) Hertzberg
63 deals$1.6B volume
BROKER


5 deals$108.1M volume
BUYER

2 deals$33.1M volume
BUYER

2 deals$33.1M volume
BUYER

2 deals$33.1M volume
BUYER

2 deals$33.1M volume
BUYER

SELLER

Details

SOLD
IMAGE: Steve Zack & Danny Hertzberg DATE: 09/30/2021 MARKET: Miami Beach ASSET TYPE: Single Family BUYER: N Bay Rd Developments LLC - Miguel Yoma, Guillermo Osses & Francisco Perez SELLER: Marguerite Zack; Steve Zack - Boies Schiller Flexner LLP BUYER'S REP: Danny Hertzberg - The Jills Zeder Group SALE PRICE: $13,600,000 SF: 8,096 ~ PPSF: $1,680

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

$725,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,317.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,470.94
Annual Debt Service$773,651.26