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1269 North Venetian Way, Mi...

Mustafa Aktas Acquires Single Family Home In Miami From Rene & Rina Alvarez
SOLDSingle Family Residence

Mustafa Aktas Acquires Single Family Home In Miami From Rene & Rina Alvarez

1269 North Venetian Way, Miami, FL, USA

$5,750,000

$547/SF

Building Size

10,500 SF

Asset Type

Single Family Residence

Closing

Mar 7, 2021

AI

The single-family property located at 1269 N Venetian Way, Miami, has been sold. The transaction took place on 03/08/2021, with a sale price of $5,750,000. The property spans a total of 10,500 square feet, resulting in a price per square foot of $548. The seller of the property was Rene & Rina Alvarez, while the buyer was Mustafa Aktas.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $5,750,000
  • Date: 03/08/2021
  • Address: 1269 N Venetian Way, Miami
  • Market: Miami
  • Square Footage: 10,500

The brokers involved in the deal were Ela Mast and Robert Alvarez, representing the buyer and seller respectively.

Players

Ela Mast

Florida Luxurious Properties

Broker

$12.8M

vol

2 deals

Broker

Miami 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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93