Updated Oct 28, 2024
Adam Wyden Acquires SFR In Miami Beach For $13.9M From Seller James Curnin - Clara Homes
6431 Allison Road, Miami Beach, FL, USA
$13,875,000
$1,982/SF
Building Size
7,000 SF
Asset Type
Single Family Residence
Closing
Jul 15, 2021
About this deal
AI
An SFR located at 6431 Allison Road in Miami Beach has been sold in a record-breaking transaction. The property spans 7,000 square feet and was sold for a price of $13,875,000, resulting in a price per square foot of $1,982. This sale has garnered significant attention due to its exceptional value.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $13,875,000
- Address: 6431 Allison Road, Miami Beach
- Market: Miami Beach
The buyer of the property is Adam Wyden, while James Curnin, representing Clara Homes, acted as the seller. The transaction was facilitated by Oliver Lloyd from Douglas Elliman, who served as the broker. This team of individuals played crucial roles in completing the sale.
This successful transaction demonstrates the desirability and value of properties in Miami Beach's real estate market. It sets a benchmark for future deals on Allison Island and serves as a testament to the expertise and professionalism of everyone involved.
On the Map
$13,875,000
$1,982/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2K per square foot on a published $13.9M for 7,000 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93