John M. Lie-Nielsen & Darling J. Lie-Nielsen Sell Miami Single Family Home For $7M
1820 South Bayshore Drive
$7,000,000
$1,958/SF
Building Size
3,574 SF
Asset Type
Single Family Residence
Closing
Dec 6, 2024
AI
The asset involved in the transaction is a single-family property located at 1820 South Bayshore Drive in Miami. It was sold for $7,000,000. The property encompasses a total area of 3,574 square feet, resulting in a price per square foot of $1,958.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,000,000
- Address: 1820 South Bayshore Drive
- Market: Miami
- Square Footage: 3,574
- Price per Square Foot: $1,958
- Seller: John M. Lie-Nielsen & Darling J. Lie-Nielsen
- Brokers: Annie Lopez - Miami Waterfront Realty; Gabriel Zelonker - Z Miami Commercial RE, LLC
The transaction was facilitated by brokers Annie Lopez representing Miami Waterfront Realty and Gabriel Zelonker representing Z Miami Commercial RE, LLC. The sellers of the property were John M. Lie-Nielsen and Darling J. Lie-Nielsen, who completed the sale on December 6, 2024.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93