Dan Loeb's Third Point Acquires Miami Beach SFR From Peter Fine For $20M
$20,000,000
SOLD
$20,000,000
+ 1
Florida
See Similar DealsSingle Family Residence13,386 SF
Sold 12/14/2020
$20,000,000
SOLD
Dan Loeb's Third Point Acquires Miami Beach SFR From Peter Fine For $20M
6440 North Bay Road, Miami Beach, FL, USA
See Similar DealsSingle Family Residence13,386 SF
Sold 12/14/2020
+ 1
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,494
Total Square Footage:13,386 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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