Israel Stern Acquires SFR On Pine Tree Drive, Miami Beach For $3.4M
SOLD
$3,400,000
Florida
See Similar DealsSingle Family Residence4,986 SF
Sold 08/06/2020
SOLD
Israel Stern Acquires SFR On Pine Tree Drive, Miami Beach For $3.4M
3001 Pine Tree Drive, Miami Beach, FL 33140, USA
See Similar DealsSingle Family Residence4,986 SF
Sold 08/06/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$681
Total Square Footage:4,986 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
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