Andres Isaias & Alejandro Diaz Bazan Acquire SFR In Miami Beach For $19M
SOLD
$19,000,000
Florida
See Similar DealsSingle Family Residence12,394 SF
Sold 06/07/2021
SOLD
Andres Isaias & Alejandro Diaz Bazan Acquire SFR In Miami Beach For $19M
6385 Pinetree Drive Circle
See Similar DealsSingle Family Residence12,394 SF
Sold 06/07/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,533
Total Square Footage:12,394 SF
Transaction Type:Sale
A single-family home located at 6385 Pinetree Drive Circle in Miami Beach, Florida has been sold for $19,000,000. The property, with a total area of 12,394 square feet, was purchased by Andres Isaias & Alejandro Diaz Bazan.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $19,000,000
- Address: 6385 Pinetree Drive Circle, Miami Beach, FL
- Market: Miami Beach, FL
Alejandro Diaz Bazan, who acted as the representative of the buyers, facilitated the deal. The seller of the property was Gavin Werbeloff.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,013,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32
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