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7709 Atlantic Way, Miami Be...

Victor Ciardelli Acquires SFR In Miami Beach For $25.5M With Buyer's Rep Morgan Blittner
SOLDSingle Family Residence

Victor Ciardelli Acquires SFR In Miami Beach For $25.5M With Buyer's Rep Morgan Blittner

7709 Atlantic Way, Miami Beach, FL 33141

$25,500,000

$3,773/SF

Building Size

6,758 SF

Asset Type

Single Family Residence

Closing

May 6, 2021

AI

7709 Atlantic Way is a single-family residential property located in Miami Beach. The property was recently sold in a closed transaction on May 7, 2021. The sale was facilitated by Moss Kadey, who acted as the seller, and Victor Ciardelli, who acted as the buyer. The seller's representatives were Ruthie Assouline and Ethan Assouline from Compass, while the buyer was represented by Morgan Blittner from Brown Harris Stevens.

Summary of Transaction Details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $25,500,000
  • Square Footage: 6,758
  • Price per Square Foot: $3,773

The sale of 7709 Atlantic Way marks a record-breaking and game-changing transaction for Altos Del Mar. This is the second record-breaking sale completed by the Assouline Team in Miami Beach within a span of less than six months.

Players

Ruthie Assouline

Douglas Elliman

Broker

$548.8M

vol

29 deals

Broker

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

0.62%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93