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4403 Pine Tree Drive, Nauti...

Young Estate Trust Acquires SFR On Pine Tree Drive For $7.3M With Buyer's Rep Mendel Fellig & Seller's Rep Oren Alexander
SOLDSingle Family Residence

Young Estate Trust Acquires SFR On Pine Tree Drive For $7.3M With Buyer's Rep Mendel Fellig & Seller's Rep Oren Alexander

4403 Pine Tree Drive, Nautilus, Miami Beach, FL, USA

$7,300,000

$730/SF

Building Size

10,000 SF

Asset Type

Single Family Residence

Closing

Mar 18, 2020

AI

An SFR located at 4403 Pine Tree Drive in Nautilus has been sold for $7,300,000. The property spans across 10,000 square feet, resulting in a price per square foot of $730.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $7,300,000
  • Address: 4403 Pine Tree Drive
  • Market: Nautilus
  • Square Footage: 10,000
  • Price Per Square Foot: $730

The buyer of the property is Young Estate Trust represented by Ellen Rose. The seller is John Rost, the owner of Fiesta Auto Insurance. Mendel Fellig from Compass acted as the buyer's representative, while Oren Alexander from Douglas Elliman represented the seller.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

John Rost

Fiesta Auto Insurance

Seller

$17.5M

vol

2 deals

Seller

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93