Updated Dec 21, 2023
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
About this deal
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
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $681 per square foot on a published $3.4M for 4,986 square feet (2020).
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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