Updated Sep 9, 2024
Joseph Schottenstein Acquires SFR In Miami Beach For $13.65M
4525 Pine Tree Drive, Miami Beach, Florida 33140, United States
$13,650,000
$2,228/SF
Building Size
6,124 SF
Asset Type
Single Family Residence
Closing
May 30, 2022
About this deal
AI
Oren Alexander and Tal Alexander of Douglas Elliman represented the seller, Omar Horev, in the sale of a single-family home located at 4525 Pine Tree Dr in Miami Beach. The transaction took place on May 31, 2022.
Summary of transaction details
- Property Type: Single-Family Home
- Address: 4525 Pine Tree Dr, Miami Beach
- Market: Miami Beach
- Buyer: Joseph Schottenstein
- Seller: Omar Horev
The property has a total area of 5,774 square feet, with a sale price of $13,650,000. This equates to a price per square foot of $2,364.
Oren Alexander and Tal Alexander, representing Douglas Elliman, facilitated the transaction as the brokers for the seller.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $13.7M for 6,124 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93