Updated Sep 9, 2024
Tien & Gina Tran Acquire SFR On Pine Tree Drive In Miami Beach For $2.7M
5660 Pine Tree Drive
$2,675,000
$1,058/SF
Building Size
2,528 SF
Asset Type
Single Family Residence
Closing
Aug 26, 2022
About this deal
AI
Located at 5660 Pine Tree Drive in Miami Beach, this single-family residential property was recently sold in a closed transaction. The property spans 2,528 square feet and was purchased for a total of $2,675,000, resulting in a price per square foot of $1,058. The transaction took place on August 26, 2022.
Summary of Transaction Details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $2,675,000
- Market: Miami Beach
- Buyer: Tien & Gina Tran
- Seller: Elizabeth Vizzone
- Brokers: Alyssa Morgan & Bruce Jordan - ONE Sotheby's International Realty
The buyers, Tien & Gina Tran, acquired the property from the seller, Elizabeth Vizzone. The deal was facilitated by brokers Alyssa Morgan and Bruce Jordan, both representing ONE Sotheby's International Realty. This transaction showcases the involvement of these key individuals and highlights the successful collaboration between the buyers, sellers, and the brokers.
On the Map
$2,675,000
$1,058/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.93%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93