Justin D’Adamo Acquires SFR In Miami Beach For $2.7M
SOLD
$2,725,000
Florida
See Similar DealsSingle Family Residence3,214 SF
Sold 03/09/2022
SOLD
Justin D’Adamo Acquires SFR In Miami Beach For $2.7M
4422 Alton Road, Miami Beach, Florida 33140, United States
See Similar DealsSingle Family Residence3,214 SF
Sold 03/09/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$847
Total Square Footage:3,214 SF
Transaction Type:Sale
A single-family residence located at 4422 Alton Road in Miami Beach has recently been sold for a total price of $2,725,000. The transaction took place on 03/09/2022 and the property spans across 3,214 square feet. With a price per square foot of $848, this property offers a unique opportunity for potential buyers.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,725,000
- Square footage: 3,214
- Address: 4422 Alton Road, Miami Beach
- Seller: Ali Weiss
- Buyer: Justin D’Adamo
- Broker: David Pullman - One Sotheby's International Realty
The buyer, Justin D’Adamo, acquired the property from the seller, Ali Weiss, with the assistance of broker David Pullman from One Sotheby's International Realty. This transaction highlights the expertise and connections of the respective individuals and companies involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$145,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,681.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,917.89
Annual Debt Service$155,014.68
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