Updated Dec 21, 2023
Ankari Developments Acquires Miami Beach SFR On The Rivo Alto Dr For $31.5M
25 East Rivo Alto Drive, Miami Beach, Florida 33139, United States
$31,500,000
$4,287/SF
Building Size
7,347 SF
Asset Type
Single Family Residence
Closing
Apr 28, 2022
About this deal
AI
Located in Miami Beach, the property at 25 E Rivo Alto Dr recently changed hands in a closed sale transaction. The single-family residence (SFR) spans approximately 7,347 square feet and was sold for a price of $31,500,000, resulting in a per square foot price of $4,287. The sale was completed on 04/29/2022.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $31,500,000
- Address: 25 E Rivo Alto Dr
- Market: Miami Beach
Representing the buyer in this transaction was Shawn Ankari from Ankari Developments. On the seller's side, Julian Johnston from The Corcoran Group acted as the seller's representative. Both individuals played key roles in facilitating the successful sale of the property.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $4.3K per square foot on a published $31.5M for 7,347 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93