Mendel Fellig Represents Buyer In $4.25M Off Market Sale On Pine Tree Drive, Miami Beach
2887 Pine Tree Drive, Miami Beach, FL 33140, USA
$4,250,000
$908/SF
Building Size
4,676 SF
Asset Type
Single Family Residence
Closing
Jul 16, 2020
AI
Located at 2887 Pine Tree Drive in Miami Beach, this single-family home (SFR) was sold in an off-market transaction. The sale took place on July 16, 2021, with a purchase price of $4,250,000. Spanning across 4,676 square feet, the property offers ample space for its new owner.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $4,250,000
- Address: 2887 Pine Tree Drive, Miami Beach
- Market: Miami Beach
The buyer was represented by Mendel Fellig, while Antonello Di Cristofaro acted as the seller's representative in this transaction. With a price per square foot (PPSF) of $909, the property stands as a valuable asset in Miami Beach's real estate market.
Players
Miami Beach 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93