Adam Wyden Acquires SFR In Miami Beach For $13.9M From Seller James Curnin - Clara Homes
SOLD
$13,875,000
Florida
See Similar DealsSingle Family Residence7,000 SF
Sold 07/16/2021
SOLD
Adam Wyden Acquires SFR In Miami Beach For $13.9M From Seller James Curnin - Clara Homes
6431 Allison Road, Miami Beach, FL, USA
See Similar DealsSingle Family Residence7,000 SF
Sold 07/16/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,982
Total Square Footage:7,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$739,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,294.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,774.58
Annual Debt Service$789,294.94
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