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Douglas Elliman Represents $20M Land Sale On Pinetree Dr Circle In Miami Beach

Property Image
SOLD
$20,000,000
Pier Paolo Visconti
Tal Alexander
+ 1

Florida

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32,328 SF
Sold 04/04/2022
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Property Image
SOLD

Douglas Elliman Represents $20M Land Sale On Pinetree Dr Circle In Miami Beach

6455 Pinetree Drive Circle, Miami Beach, Florida 33141, United States

See Similar Deals
32,328 SF
Sold 04/04/2022
Pier Paolo Visconti
Tal Alexander
+ 1
Contact now

Summary

FLORIDA
Price Per Square Foot:$618
Total Square Footage:32,328 SF
Transaction Type:Sale

Oren Alexander, Tal Alexander, Pier Paolo Visconti, and Claudia Llanes completed the sale of a land property in Miami Beach. The property, located at 6455 Pinetree Dr Circle, was sold on April 4, 2022, for a total of $20,000,000. The land spans across 32,328 square feet, resulting in a price per square foot of $619.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $20,000,000
  • Address: 6455 Pinetree Dr Circle
  • Market: Miami Beach
  • Square Footage: 32,328
  • Price per Square Foot: $619

Pier Paolo Visconti and Claudia Llanes from Douglas Elliman represented the buyer in this transaction, while Oren Alexander and Tal Alexander, also from Douglas Elliman, represented the seller.

Players

Oren Alexander
106 deals$2B volume(305) 610-4559
BROKER

Tal Alexander
Official
83 deals$1.8B volume(212) 951-0071
BROKER

Pier Paolo Visconti
Douglas Elliman
10 deals$195.7M volume
BROKER

Claudia Llanes
Douglas Elliman
8 deals$175.7M volume
BROKER

Details

SOLD
IMAGE: Oren Alexander, Tal Alexander, Pier Paolo Visconti & Claudia Llanes DATE: 04/04/2022 ADDRESS: 6455 Pinetree Dr Circle MARKET: Miami Beach ASSET TYPE: Land BUYER'S REP: Pier Paolo Visconti (@Pierpaolovisconti) & Claudia Llanes (@Claudiallanes.realtor)- Douglas Elliman SELLER'S REP: Oren Alexander & Tal Alexander - Douglas Elliman SALE PRICE: $20,000,000 SF: 32,328 ~ PPSF: $619

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

$1,066,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44