Updated Oct 29, 2024
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
About this deal
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.
On the Map
$7,300,000
$730/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
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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