Emre Balci Acquires SFR In Miami For $8.15M With Buyer's Rep June Savage & Seller's Rep Geva Bar
7305 Belle Meade Isle Drive, Miami, Florida 33138, United States
$8,150,000
$370/SF
Building Size
22,000 SF
Asset Type
Single Family Residence
Closing
May 25, 2022
AI
An SFR located at 7305 Belle Meade Island Dr in Miami was recently sold for $8,150,000. The property spans 22,000 square feet, resulting in a price per square foot of $370. The transaction took place on May 26, 2022, and the sale was facilitated by Geva Bar from ONE Sotheby’s International Realty, representing the seller, John Petrozza. Emre Balci purchased the property and was represented by June Savage, also from ONE Sotheby’s International Realty.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $8,150,000
- Address: 7305 Belle Meade Island Dr, Miami
- Market: Miami
- Square Footage: 22,000
- Price Per Square Foot: $370
Emre Balci, the buyer, acquired the property located at 7305 Belle Meade Island Dr in Miami. June Savage from ONE Sotheby’s International Realty represented Emre Balci in the transaction. On the other hand, Geva Bar, also from ONE Sotheby’s International Realty, represented the seller, John Petrozza.
Players
Miami 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
1.95%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93