Dan Loeb's Third Point Acquires Miami Beach SFR For $12M
SOLD
$12,000,000
Florida
See Similar DealsSingle Family Residence4,910 SF
Sold 12/15/2020
SOLD
Dan Loeb's Third Point Acquires Miami Beach SFR For $12M
2220 North Bay Road, Miami Beach, FL, USA
See Similar DealsSingle Family Residence4,910 SF
Sold 12/15/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,444
Total Square Footage:4,910 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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