Andian Group Acquires Single Family Property In Miami Beach For $19M
SOLD
$19,000,000
Florida
See Similar DealsSingle Family Residence12,394 SF
Sold 05/10/2021
SOLD
Andian Group Acquires Single Family Property In Miami Beach For $19M
6385 Pinetree Drive Circle, Miami Beach, FL, USA
See Similar DealsSingle Family Residence12,394 SF
Sold 05/10/2021
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 has been sold for a price of $19,000,000. The property spans over an impressive 12,394 square feet and sits on a 1-acre lot. This transaction represents a price per square foot of $1,533.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $19,000,000
The buyer of the property is Andian Group, represented by Alejandro Diaz-Bazan and Andres Isaias. On the other hand, 6385 PTDC LLC acted as the seller. Alejandro Diaz-Bazan, from The Jills Zeder - Coldwell Banker, served as the buyer's representative in this deal. Howard Marcus from Douglas Elliman represented the seller.
Players
Details
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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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