Fazeel Kahn Acquires Miami SFR From Joe Jonas & Sophie Turner For $15M
SOLD
$15,000,000
Florida
See Similar DealsSingle Family Residence10,416 SF
Sold 08/15/2023
SOLD
Fazeel Kahn Acquires Miami SFR From Joe Jonas & Sophie Turner For $15M
4400 Island Rd Miami, FL 33137, USA
See Similar DealsSingle Family Residence10,416 SF
Sold 08/15/2023
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,440
Total Square Footage:10,416 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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