Updated Dec 4, 2024
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
About this deal
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.
On the Map
$10,300,000
$1,756/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $1.8K per square foot on a published $10.3M for 5,863 square feet (2024).
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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