Updated Oct 28, 2024
Hermes Trust Acquires $16M Single Family Property In Miami Beach
6585 Allison Rd, Miami Beach, FL, USA
$16,000,000
$1,420/SF
Building Size
11,265 SF
Asset Type
Single Family Residence
Closing
Jul 19, 2021
About this deal
AI
The single-family property located at 6585 Allison Rd in Miami Beach has been sold in a recent transaction. The property spans an area of 11,265 square feet and was sold for a price of $16,000,000, resulting in a price per square foot of $1,420.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,000,000
- Address: 6585 Allison Rd, Miami Beach
- Market: Miami Beach
- Buyer: Hermes Trust Company LLC Trs; Ndop Trust
- Seller: Rafael Cedeno Camacho
The buyer in this transaction is represented by Hermes Trust Company LLC Trs and Ndop Trust. On the other hand, Rafael Cedeno Camacho acted as the seller's representative.
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93