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:
- Property Type: SFR
- Transaction Amount: $3,400,000
- Buyer: Mahyar Barin
- Seller: Richard Jay-Alexander
- Broker: Blake Burstyn - Keller Williams Realty Miami Lakes
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.
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