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:
- Property Type: SFR
- Transaction Amount: $11,500,000
- Date: 10/06/2022
- Market: Miami
- Buyer's Representative: Vanessa Frank & Harai Brin - ONE Sotheby's International Realty
- Seller's Representative: Joel Lusky & Zalmy Shapiro - The Brokerage South Florida Real Estate
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
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