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6301 Pine Tree Drive, Miami...

Miami Beach SFR Sold For $9.2M Cash-Full Price By Ada Sasson - Cervera Real Estate, Inc
SOLDMultiFamily

Miami Beach SFR Sold For $9.2M Cash-Full Price By Ada Sasson - Cervera Real Estate, Inc

6301 Pine Tree Drive, Miami Beach, Florida 33140, United States

$9,200,000

$1,257/SF

Building Size

7,316 SF

Asset Type

MultiFamily

Closing

May 10, 2022

AI

Located at 6301 Pine Tree Dr in Miami Beach, this single-family residential property has been sold. The transaction was facilitated by broker Ada Sasson from Cervera Real Estate, Inc. The property boasts a total area of 7,852 square feet and was sold for a price of $9,200,000. This amounts to a price-per-square-foot (PPSF) value of $1,172.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $9,200,000
  • Address: 6301 Pine Tree Dr
  • Market: Miami Beach
  • Broker: Ada Sasson - Cervera Real Estate, Inc.

This successful transaction was completed in cash for the full asking price. For more information or to get in touch with Ada Sasson and her team, you can reach out to them at (786) 586-4746 or via email at [email protected]. They are fluent in English, Spanish, and Hebrew.

Players

Ada Sasson

Cervera Real Estate

Broker

$49.3M

vol

7 deals

Broker

Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.72%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93