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7825 Atlantic Way, Miami Be...

Miami Breeze LLC Acquires Single-Family Property In Miami Beach For $21M
SOLDSingle Family Residence

Miami Breeze LLC Acquires Single-Family Property In Miami Beach For $21M

7825 Atlantic Way, Miami Beach, Florida 33141, United States

$21,000,000

$2,418/SF

Building Size

8,682 SF

Asset Type

Single Family Residence

Closing

Jun 7, 2022

AI

Miami Breeze LLC has acquired a single-family property located at 7825 Atlantic Way in Miami Beach. The property spans 8,682 square feet and was sold for a staggering $21,000,000, resulting in a price per square foot of $2,419. The transaction took place on June 8, 2022 and involved Matthew Whitman Lazenby of Whitman Family Development as the seller and Miami Breeze LLC as the buyer.

Summary of transaction details

  • Property Type: Single-Family
  • Transaction Amount: $21,000,000
  • Square Footage: 8,682
  • Price per Square Foot: $2,419
  • Address: 7825 Atlantic Way, Miami Beach

Miltiadis Kastanis from Douglas Elliman represented Miami Breeze LLC as the buyer's representative, while Ben Moss from Compass represented Matthew Whitman Lazenby of Whitman Family Development as the seller's representative.

Players

Benjamin Moss

Compass

Broker

$114.6M

vol

10 deals

Broker

Matthew Whitman Lazenby

Whitman Family Development

Seller

$50.7M

vol

3 deals

Seller

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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93