Updated Sep 9, 2024
Stacy Robins Companies Acquires SFR On Star Island Drive For $12M
34 East Star Island Drive, Miami Beach, FL, USA, 34 East Star Island Drive, Miami Beach, FL, USA & 34 East Star Island Drive, Miami Beach, FL, USA
$12,000,000
$600/SF
Building Size
7,998 SF
Asset Type
Single Family Residence
Closing
Jul 20, 2020
About this deal
AI
The SFR located at 34 Star Island Drive in Miami Beach has been sold for $12,000,000. This property spans 5,493 square feet, resulting in a price per square foot of $2,185.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $12,000,000
- Address: 34 Star Island Drive
- Market: Miami Beach
The seller's representatives for this transaction were Albert Justo and Mirce Curkoski from One Sotheby's International Realty. On the buyer's side, Stacy Robins from Stacy Robins Companies, Inc. facilitated the deal.
On the Map
$12,000,000
$600/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $600 per square foot on a published $12M for 19,991 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93