Andian Group Acquires Single Family Property In Miami Beach For $19M
6385 Pinetree Drive Circle, Miami Beach, FL, USA
$19,000,000
$1,533/SF
Building Size
12,394 SF
Asset Type
Single Family Residence
Closing
May 9, 2021
AI
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
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