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
Sunny Isles 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93