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6525 Allison LLC Acquires SFR In Miami Beach For $5.17M With Berkshire Hathaway HomeServices Rep

Property Image
SOLD
$5,171,250
Simone Weissman
Minette Schwartz
Ida Schwartz

Florida

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Single Family Residence3,558 SF
Sold 03/01/2021
the dealplayerscompscontact
Property Image
SOLD

6525 Allison LLC Acquires SFR In Miami Beach For $5.17M With Berkshire Hathaway HomeServices Rep

6525 Allison Road, Miami Beach, FL, USA

See Similar Deals
Single Family Residence3,558 SF
Sold 03/01/2021
Simone Weissman
Minette Schwartz
Ida Schwartz
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,453
Total Square Footage:3,558 SF
Transaction Type:Sale

A single-family residential property located at 6525 Allison Road in Miami Beach was recently sold for a price of $5,171,250. The transaction took place on 03/01/2021 and involved the sale of a property with a total area of 3,558 square feet. The buyer was 6525 Allison LLC, while the seller was Marisue Beloff and Jonathan D. Beloff from Beloff Law, P.A.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $5,171,250
  • Address: 6525 Allison Road, Miami Beach
  • Market: Miami Beach

Simone Weissman from Berkshire Hathaway HomeServices EWM Realty represented the buyer, 6525 Allison LLC, in this transaction. On the other side, Ida Schwartz and Minette Schwartz from Compass represented the sellers, Marisue Beloff and Jonathan D. Beloff of Beloff Law, P.A.

With a price per square foot of $1,453, this sale represents a significant transaction in the Miami Beach real estate market.

Players

Minette Schwartz
Compass
Minette Schwartz
2 deals$22.9M volume
BROKER
Ida Schwartz
Compass
Ida Schwartz
5 deals$160.6M volume
BROKER
Simone Weissman
Berkshire Hathaway HomeServices
Simone Weissman
2 deals$6.8M volume
BROKER

Details

SOLD
IMAGE: Minette Schwartz, Ida Schwartz, Simone Weissman & Jonathan D. Beloff DATE: 03/01/2021 ADDRESS: 6525 Allison Road MARKET: Miami Beach ASSET TYPE: SFR BUYER: 6525 Allison LLC SELLER: Marisue Beloff, Jonathan D. Beloff - Beloff Law, P.A. BUYER'S REP: Simone Weissman - Berkshire Hathaway HomeServices EWM Realty SELLER'S REP: Ida Schwartz & Minette Schwartz - Compass PRICE: $5,171,250 SF: 3,558 ~ PPSF: $1,453

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$275,800.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,372.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,514.36
Annual Debt Service$294,172.36