Andres Isaias & Alejandro Diaz Bazan Acquire SFR In Miami Beach For $19M
6385 Pinetree Drive Circle
$19,000,000
$1,533/SF
Building Size
12,394 SF
Asset Type
Single Family Residence
Closing
Jun 7, 2021
AI
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.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93