Albertina Maria Andrade Conde Acquires Miami Beach SFR From Robert Garner For $9.5M
327 East Rivo Alto Drive, Miami Beach, FL, USA
$9,500,000
$1,733/SF
Building Size
5,479 SF
Asset Type
Single Family Residence
Closing
Nov 8, 2020
AI
The property asset involved in this transaction is a single-family residential property located at 327 E. Rivo Alto Drive in Miami Beach. The property has a total square footage of 5,479. The sale took place on November 9, 2020, with an asking price of $10,900,000 and a sale price of $9,500,000. The price per square foot for this property is $1,734. The property was sold by Robert Garner to Albertina Maria Andrade Conde.
Representing the buyer, Albertina Maria Andrade Conde, was Morgan Blittner from Brown Harris Stevens. On the seller's side, Dina Goldentayer from Douglas Elliman represented Robert Garner. The transaction was successfully completed with the assistance of these respective brokers.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $9,500,000
- Address: 327 E. Rivo Alto Drive, Miami Beach
- Market: Miami Beach
- Asset Type: SFR
Overall, this closed transaction represents a significant sale in the Miami Beach market, with the property being sold at a price of $9,500,000. The involvement of brokers Morgan Blittner from Brown Harris Stevens and Dina Goldentayer from Douglas Elliman highlights the importance of their contributions in completing the deal.
Players
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93