Updated Oct 29, 2024
Dan Loeb's Third Point Acquires Miami Beach SFR For $12M
2220 North Bay Road, Miami Beach, FL, USA
$12,000,000
$2,444/SF
Building Size
4,910 SF
Asset Type
Single Family Residence
Closing
Dec 14, 2020
About this deal
AI
A single-family residential property located at 2220 North Bay Road in Miami Beach was recently sold for a transaction amount of $12,000,000. The sale took place on December 15, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $12,000,000
- Address: 2220 North Bay Road, Miami Beach
- Market: Miami Beach
The buyer of the property was Dan Loeb, representing Third Point. The seller, on the other hand, was Sharon Pizzorni. The deal was facilitated by brokers Dina Goldentayer and Cyril Matz, who are associated with Douglas Elliman.
On the Map
$12,000,000
$2,444/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $12M for 4,910 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93