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5852 Pine Tree Drive, Miami...

Andrew Kenorkian & Solmax Rashidi Sell SFR On Miami Beach's Pine Tree Drive For $3.5M
SOLDSingle Family Residence

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

Alyssa Morgan

The Inside Netwok

Broker

$95M

vol

26 deals

Broker
Sotheby's International Realty
Sotheby's International RealtyBrokerage

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