Updated Sep 9, 2024
Compass Representative Joseph Zichelle Acquires Miami Beach Single Family For $5.7M
5454 Pine Tree Drive, Miami Beach, FL 33140
$5,700,000
$858/SF
Building Size
6,638 SF
Asset Type
Single Family Residence
Closing
Jan 12, 2022
About this deal
AI
The sale of a single-family property located at 5454 Pine Tree Drive in Miami Beach has been successfully completed. The property spans over 0.4 acres and offers a spacious living area of 6,638 square feet. The transaction took place on January 12, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,700,000
- Address: 5454 Pine Tree Drive, Miami Beach
- Market: Miami Beach
- Asset Type: Single Family
- Acres: 0.4
The buyer was represented by Joseph Zichelle from Compass, while the seller was represented by Oren Alexander & Tal Alexander from Douglas Elliman. The property was sold at a price of $5,700,000, resulting in a price per square foot of $859.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $858 per square foot on a published $5.7M for 6,638 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93