Updated Aug 7, 2026
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
About this deal
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.
On the Map
$3,400,000
$1,725/SF
Single Family Residence
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Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $3.4M for 1,971 square feet (2022).
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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