Updated Sep 9, 2024
Fazeel Kahn Acquires Miami SFR From Joe Jonas & Sophie Turner For $15M
4400 Island Rd Miami, FL 33137, USA
$15,000,000
$1,440/SF
Building Size
10,416 SF
Asset Type
Single Family Residence
Closing
Aug 15, 2023
About this deal
AI
A single-family residence located at 4400 Island Road in Miami has been sold for $15,000,000. This property spans across 10,416 square feet, translating to a price per square foot of $1,440.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $15,000,000
- Address: 4400 Island Road, Miami
- Square Footage: 10,416
- Price per Square Foot: $1,440
- Buyer: Fazeel Kahn
- Seller: Joe Jonas & Sophie Turner
- Buyer's Representative: David Pullman - Sotheby's International Realty
- Seller's Representative: Carl Gambino - Compass
The deal was facilitated by David Pullman of Sotheby's International Realty, acting as the buyer's representative. Carl Gambino, representing the seller, navigated the transaction on behalf of Joe Jonas and Sophie Turner.
On the Map
$15,000,000
$1,440/SF
Single Family Residence
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Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $15M for 10,416 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93