Elizabeth Fein And Jarett Fein Acquire Miami Beach Single Family Property For $15.3M
SOLD
$15,300,000
Florida
See Similar DealsSingle Family5,691 SF
Sold 01/18/2022
SOLD
Elizabeth Fein And Jarett Fein Acquire Miami Beach Single Family Property For $15.3M
Miami Beach, Miami, Florida 33125, United States
See Similar DealsSingle Family5,691 SF
Sold 01/18/2022
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,688
Total Square Footage:5,691 SF
Transaction Type:Sale
A single-family property located in Miami Beach, spanning approximately 0.7 acres, has recently been sold for a total of $15,300,000. The property, with a living area of 5,691 square feet, was sold at a price per square foot of $2,688. The transaction took place on January 18, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $15,300,000
- Market: Miami Beach
- Acres: 0.7
The buyer, Elizabeth Fein, acquired the property with the assistance of Jarett Fein, representing Kensington Vanguard National Land Services. The seller, Barry Brodsky, was represented by Hillary Hertzberg of The Jills Zeder Group - Coldwell Banker. Elyse Rosenberg, from Coldwell Banker, acted as the buyer's representative in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$816,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,357.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,529.81
Annual Debt Service$870,357.67
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