Lance Geller Acquires SFR In Biscayne Point, Miami Beach For $2M
1355 Daytonia Road, Miami Beach, FL 33141
$2,000,000
$1,053/SF
Building Size
1,898 SF
Asset Type
Single Family Residence
Closing
Dec 10, 2021
AI
A single-family home located at 1355 Daytonia Road in Biscayne Point, Miami Beach, was recently sold in a closed transaction. The property spans approximately 1,898 square feet and was sold for a price of $2,000,000. The sale price translates to a price per square foot of $1,054. The transaction took place on December 10, 2021.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $2,000,000
- Address: 1355 Daytonia Road, Biscayne Point, Miami Beach
- Buyer: Lance Geller as Trustee
- Seller: Jared Jukel
- Buyer's Representative: Juan De Jongh - Colfax Realty
- Seller's Representative: David Hunt Solomon - Berkshire Hathaway HomeServices EWM Realty
Leading the deal, Lance Geller, acting as the trustee, purchased the property from Jared Jukel. Juan De Jongh from Colfax Realty represented the buyer, while David Hunt Solomon from Berkshire Hathaway HomeServices EWM Realty represented the seller.
Players
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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93