Timothy Derstein Acquires Sunny Isles Beach Condo For $1.275M With Tanya Tsveyer As Seller
377 Poinciana Island Dr
Building Size
—
Asset Type
—
Closing
Jul 22, 2022
About this deal
AI
A condo located at 377 Poinciana Island Dr in Sunny Isles Beach has been sold for $1,275,000. The property spans 2,370 square feet, resulting in a price per square foot of $538.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,275,000
- Address: 377 Poinciana Island Dr
- Market: Sunny Isles Beach
The buyer in this transaction is Timothy Derstein, while the seller is Tanya Tsveyer. The deal was facilitated by Eric Smith of FIP Commercial Realty as the broker representing both parties.
On the Map
Market CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93