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327 East Rivo Alto Drive, M...

Albertina Maria Andrade Conde Acquires Miami Beach SFR From Robert Garner For $9.5M
SOLDSingle Family Residence

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

Dina Goldentayer

Douglas Elliman

Broker

$1.6B

vol

92 deals

Broker

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