1621 Land Trust Acquires SFR In Miami For $4M With Buyer's Rep Related ISG International Realty
1621 South Bayshore Drive, Miami, FL 33133
$4,000,000
$915/SF
Building Size
4,370 SF
Asset Type
Single Family Residence
Closing
Oct 25, 2021
AI
A single-family home located at 1621 S Bayshore Dr in Miami has been sold. The property, with a total area of 4,370 square feet, was purchased by 1621 Land Trust, represented by Matthew Cassano. The sellers, Miljan Milan and Afife Vidal, were represented by Nicolas Vicente of City Group Consulting, LLC.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $4,000,000
- Asking Price: $4,399,000
- Market: Miami
- Buyer: 1621 Land Trust
- Seller: Miljan Milan & Afife Vidal
- Buyer's Representative: Bethany Martinez - Related ISG International Realty
- Seller's Representative: Nicolas Vicente - City Group Consulting, LLC
- Size: 4,370 square feet
- Price per Square Foot: $915
Bethany Martinez from Related ISG International Realty represented 1621 Land Trust in the transaction. The deal closed at a sale price of $4,000,000, below the initial asking price of $4,399,000. The property, located in Miami, offered a spacious living area with a price per square foot of $915.
Players
Miami 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93