Updated Oct 28, 2024
6470 Allison Rd In Miami Beach, FL Sells For $16.5M To 6740 Allison Road Land Trust
6470 Allison Road, Miami Beach, Florida 33141, United States
$16,500,000
$2,440/SF
Building Size
6,761 SF
Asset Type
Single Family Residence
Closing
Jan 10, 2022
About this deal
AI
A single-family residence located at 6470 Allison Rd in Miami Beach, FL was recently sold in a closed transaction. The property offers 6,761 square feet of living space and was purchased by the 6740 Allison Road Land Trust for a price of $16,500,000. This equates to a price per square foot of $2,440.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $16,500,000
- Address: 6470 Allison Rd, Miami Beach, FL
- Market: Miami Beach, FL
- Buyer: 6740 Allison Road Land Trust
- Seller: Alan Courey
- Square Footage: 6,761
- Price per Square Foot: $2,440
In this transaction, Alan Courey served as the seller, while the buyer was represented by their trust, known as the 6740 Allison Road Land Trust. These individuals and entities played key roles in the successful sale of the property.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93