Updated Dec 20, 2023
Alatriste Group Acquires SFR In Miami Beach For $6.6M
308 S Coconut Ln, Miami Beach, FL 33139, USA
$6,600,000
$1,192/SF
Building Size
5,534 SF
Asset Type
Single Family Residence
Closing
Nov 30, 2020
About this deal
AI
The recently closed property transaction in Miami Beach involved a Single Family Residence (SFR) located at 308 S Coconut Ln. The property was sold for a total amount of $6,600,000 with a square footage of 5,534. The sale price per square foot (PPSF) was $1,192. This transaction was facilitated by the broker, Lourdes Alatriste, from the Alatriste Group.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $6,600,000
- Square Footage: 5,534
- Sale Price per Square Foot (PPSF): $1,192
- Broker: Lourdes Alatriste - Alatriste Group
This deal showcases the expertise of Lourdes Alatriste and the Alatriste Group, who successfully represented the parties involved in the transaction. Their professionalism and negotiation skills were instrumental in closing this deal.
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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93