Updated Oct 29, 2024
MTR Limited Partnership Acquires SFR In Miami Beach For $15.2M
6650 Allison Rd, Miami Beach, FL 33141, USA
$15,200,000
$1,793/SF
Building Size
8,474 SF
Asset Type
Single Family Residence
Closing
Sep 30, 2020
About this deal
AI
Located at 6650 Allison Road in Miami Beach, this single-family residential property was recently sold in a closed transaction. The property spans over 8,474 square feet and was sold for a price of $15,200,000, resulting in a price per square foot of $1,794. The transaction took place on October 1, 2020.
Summary of Transaction Details
- Property Type: SFR
- Transaction Amount: $15,200,000
- Address: 6650 Allison Road
- Market: Miami Beach
The buyer of this property is MTR Limited Partnership, while the sellers are Kim & Todd Glaser. Julian Johnston from The Corcoran Group acted as the broker in this transaction. The deal was facilitated by Julian Johnston, a representative of MTR Limited Partnership.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $15.2M for 8,474 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93