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311 Atlantic Avenue

Sotheby's International Realty Brokers Close Sale Of Single Family Home In Sunny Isles Beach For $11.5M
SOLDSingle Family Residence

Sotheby's International Realty Brokers Close Sale Of Single Family Home In Sunny Isles Beach For $11.5M

311 Atlantic Avenue

$11,500,000

$2,017/SF

Building Size

5,700 SF

Asset Type

Single Family Residence

Closing

Aug 7, 2024

AI

The property asset involved in this transaction is a single-family home located at 311 Atlantic Avenue in Sunny Isles Beach. It has an asking price of $12,495,000 and sold for $11,500,000. The total square footage of the property is 5,700, resulting in a price per square foot of $2,017.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $11,500,000
  • Asking Price: $12,495,000
  • Square Footage: 5,700
  • Price per Square Foot: $2,017
  • Address: 311 Atlantic Avenue
  • Market: Sunny Isles Beach

The transaction involved brokers Vanessa Frank, Saddy Abaunza Delgado, and Valeria Kelly, representing the seller through Sotheby's International Realty. Their collective efforts facilitated the successful sale of the property.

Players

Saddy Abaunza Delgado

Sotheby's International Realty

Broker

$159.8M

vol

11 deals

Broker

Sunny Isles Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93