Updated Dec 21, 2023
Austin Rosen Acquires Miami Beach SFR From Barbara Kaufman For $12.5M With Broker Jordan Karp
6417 Pinetree Drive Circle
$12,500,000
$769/SF
Building Size
16,235 SF
Asset Type
Single Family Residence
Closing
Jul 26, 2022
About this deal
AI
Austin Rosen has purchased a single-family home located at 6417 Pine Tree Dr Cir in Miami Beach. The transaction took place on July 26, 2022, with a sale price of $12,500,000. The property spans a total area of 16,235 square feet, resulting in a price per square foot of $770.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $12,500,000
- Address: 6417 Pine Tree Dr Cir, Miami Beach
- Market: Miami Beach
Jordan Karp acted as the broker for both the buyer, Austin Rosen, and the seller, Barbara Kaufman, in this transaction.
Players
North Bay Village Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $769 per square foot on a published $12.5M for 16,235 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93