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
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