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1400 Biscaya Drive

One Sotheby's International Realty Acquires SFR In Miami For $11.5M
SOLDSingle Family Residence

One Sotheby's International Realty Acquires SFR In Miami For $11.5M

1400 Biscaya Drive

$11,500,000

$2,898/SF

Building Size

3,967 SF

Asset Type

Single Family Residence

Closing

Oct 6, 2022

AI

The property involved in this closed transaction is a single-family residence located at 1400 Biscaya Drive in Miami. The property spans approximately 3,967 square feet and was sold for a price of $11,500,000, resulting in a price per square foot of $2,899.

Summary of transaction details:

The buyer's representation in this deal was provided by Vanessa Frank and Harai Brin from ONE Sotheby's International Realty, while the seller's representation was handled by Joel Lusky and Zalmy Shapiro from The Brokerage South Florida Real Estate.

Players

Zalmy Shapiro

The Brokerage South Florida Real Estate

Broker

$288.3M

vol

33 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Surfside 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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93