Jills Zeder Group Acquires Single Family Property In Miami Beach For $75M
SOLD
National
See Similar DealsSold 12/20/2021
Summary
Transaction Type:Sale
A single-family property located in Miami Beach has been sold in a closed transaction. The property spans approximately 1.85 acres and has a total area of 14,785 square feet. The sale took place on December 20, 2021, with a sale price of $75,000,000 and a price per square foot of $5,073.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $75,000,000
- Market: Miami Beach
- Asset Type: Single Family
- Acres: 1.85
Jill Eber from Jills Zeder Group - Coldwell Banker Realty represented the buyer in this transaction. Elizabeth Lima from Berkshire Hathaway HomeServices Florida Realty represented the seller, Lourdes Sanjenis.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,000,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$266,459.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$355,538.26
Annual Debt Service$4,266,459.16
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