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1221 West 48th Street

William Zolezzi Acquires Single Family Home In Miami Beach For $10.3M With Alyssa Morgan
SOLDSingle Family Residence

William Zolezzi Acquires Single Family Home In Miami Beach For $10.3M With Alyssa Morgan

1221 West 48th Street

$10,300,000

$1,756/SF

Building Size

5,863 SF

Asset Type

Single Family Residence

Closing

Sep 10, 2024

AI

The property involved in the transaction is a single-family home located at 1221 West 48th Street, Miami Beach. The sale price was $10,300,000, with a total square footage of 5,863, resulting in a price per square foot of $1,756.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $10,300,000
  • Address: 1221 West 48th Street
  • Market: Miami Beach
  • Square Footage: 5,863
  • Price per Square Foot: $1,756
  • Buyer: William Zolezzi
  • Buyer's Representative: Alyssa Morgan - Intitle & Escrow - The Inside Network
  • Seller's Representatives: Darin Tansey & Marc Brandt - Douglas Elliman

Key individuals in this transaction include William Zolezzi as the buyer, represented by Alyssa Morgan from Intitle & Escrow, part of The Inside Network. The seller's interests were represented by the team of Darin Tansey and Marc Brandt from Douglas Elliman, facilitating the deal’s completion.

Players

Darin Tansey

Douglas Elliman

Broker

$68.2M

vol

8 deals

Broker

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93