Updated Oct 29, 2024
Dan Loeb's Third Point Acquires Miami Beach SFR From Peter Fine For $20M
6440 North Bay Road, Miami Beach, FL, USA
$20,000,000
$1,494/SF
Building Size
13,386 SF
Asset Type
Single Family Residence
Closing
Dec 13, 2020
About this deal
AI
A single-family residence (SFR) located at 6440 N. Bay Road in Miami Beach has been sold for a price of $20,000,000. The property spans an area of 13,386 square feet, resulting in a price per square foot of $1,494. The transaction took place on December 14, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $20,000,000
- Date: 12/14/2020
- Address: 6440 N. Bay Road
- Market: Miami Beach
The buyer of the property is Dan Loeb, representing Third Point. The seller is Peter Fine. The deal was facilitated by brokers Jill Hertzberg and Danny Hertzberg from The Jills Zeder Group, affiliated with Coldwell Banker.
On the Map
$20,000,000
$1,494/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 $1.5K per square foot on a published $20M for 13,386 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93