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1351 Stillwater Drive, Miam...

Mahyar Barin Acquires Miami Beach SFR From Richard Jay-Alexander For $3.4M
SOLDSingle Family Residence

Mahyar Barin Acquires Miami Beach SFR From Richard Jay-Alexander For $3.4M

1351 Stillwater Drive, Miami Beach, Florida 33141, United States

$3,400,000

$1,725/SF

Building Size

1,971 SF

Asset Type

Single Family Residence

Closing

Mar 20, 2022

AI

The property involved in this transaction is a single-family residence located at 1351 Stillwater Dr in Miami Beach. The sale took place on 03/21/2022. The buyer, Mahyar Barin, purchased the property from the seller, Richard Jay-Alexander, for a total of $3,400,000. The property spans a total of 1,971 square feet, resulting in a price per square foot of $1,725. The transaction was facilitated by broker Blake Burstyn from Keller Williams Realty Miami Lakes.

Summary of transaction details:

This significant deal was closed between Mahyar Barin and Richard Jay-Alexander for the purchase of the single-family residence located at 1351 Stillwater Dr in Miami Beach. Broker Blake Burstyn from Keller Williams Realty Miami Lakes represented the parties involved in this transaction.

Players

Blake Burstyn

Compass

Broker

$8.4M

vol

2 deals

Broker

Mahyar Barin

Buyer

$10.9M

vol

2 deals

Buyer

Richard Jay-Alexander

Seller

$3.4M

vol

1 deal

Seller

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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93