Updated May 1, 2026
Jordan Karp Of Jordan Karp LLC Represents Buyer In Miami Beach Development Site Sale For $12.2M
6465 Pinetree Drive Circle
$12,200,000
$2,095/SF
Building Size
5,822 SF
Asset Type
Development Site
Closing
Apr 23, 2026
About this deal
AI
The property asset involved in the transaction is a development site located at 6465 Pinetree Drive Circle in Miami Beach. The sale price of this asset was $12,200,000, with a total square footage of 5,822 and a price per square foot of $2,095.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $12,200,000
- Address: 6465 Pinetree Drive Circle
- Market: Miami Beach
- Square Feet: 5,822
- Price Per Square Foot: $2,095
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representative: Evan Weiss - 305 Degrees Realty
- Selling Agent: Jeri Goodkin Dausey
This transaction features the involvement of Jordan Karp as the buyer's representative from Jordan Karp LLC and Evan Weiss representing the seller through 305 Degrees Realty. Jeri Goodkin Dausey served as the selling agent in this deal.
On the Map
$12,200,000
$2,095/SF
Development Site
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Players
Miami Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93