Jordan Karp Of Jordan Karp LLC Represents Buyer In Miami Beach Development Site Sale For $12.2M
SOLD
$12,200,000
Florida
See Similar DealsDevelopment Site5,822 SF
Sold 04/24/2026
SOLD
Jordan Karp Of Jordan Karp LLC Represents Buyer In Miami Beach Development Site Sale For $12.2M
6465 Pinetree Drive Circle
See Similar DealsDevelopment Site5,822 SF
Sold 04/24/2026
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$2,095
Total Square Footage:5,822 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$650,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,344.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,834.22
Annual Debt Service$694,010.69
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