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
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