Andrew Kenorkian & Solmax Rashidi Sell SFR On Miami Beach's Pine Tree Drive For $3.5M
5852 Pine Tree Drive, Miami Beach, FL 33140, USA
$3,500,000
$887/SF
Building Size
3,943 SF
Asset Type
Single Family Residence
Closing
Dec 1, 2021
AI
The recently closed transaction in Miami Beach involved the sale of a single-family residence located at 5852 Pine Tree Drive. The property spans over 3,943 square feet and was sold for a total price of $3,500,000. With a price per square foot of $888, this transaction reflects the value of the property in the market.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,500,000
- Address: 5852 Pine Tree Drive
- Market: Miami Beach
- Square Footage: 3,943
The sellers of this property were Andrew Kenorkian and Solmax Rashidi. Representing the sellers in this transaction were Alyssa Morgan from ONE Sotheby's International Realty and Aaron Smith from The Keyes Company. Their expertise and negotiation skills played a crucial role in closing the deal successfully.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93