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3001 Pine Tree Drive, Miami...

Israel Stern Acquires SFR On Pine Tree Drive, Miami Beach For $3.4M
SOLDSingle Family Residence

Israel Stern Acquires SFR On Pine Tree Drive, Miami Beach For $3.4M

3001 Pine Tree Drive, Miami Beach, FL 33140, USA

$3,400,000

$681/SF

Building Size

4,986 SF

Asset Type

Single Family Residence

Closing

Aug 6, 2020

AI

The property at 3001 Pine Tree Drive in Miami Beach has been sold in a recent transaction. The single-family residence spans 4,986 square feet and boasts a sale price of $3,400,000, resulting in a price per square foot of $682. The property was listed for $3,688,000 before being sold.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $3,400,000
  • MUSHKA JACOBSON represented the buyer, Israel Stern
  • ALLEN DAVOUDPUR represented the seller, Robert A. Goodfriend
  • Address: 3001 Pine Tree Drive, Miami Beach
  • Market: Miami Beach

The buyer, Israel Stern, was represented by Mushka Jacobson, while the seller, Robert A. Goodfriend, was represented by Allen Davoudpour.

Players

Mushka Jacobson

Douglas Elliman

Broker

$56.1M

vol

12 deals

Broker

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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93