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
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