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

Property Image
SOLD
$21,000,000
Benjamin (Ben) Moss
ML

Florida

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Single Family Residence8,682 SF
Sold 06/08/2022
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Property Image
SOLD

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

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

See Similar Deals
Single Family Residence8,682 SF
Sold 06/08/2022
Benjamin (Ben) Moss
ML
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,418
Total Square Footage:8,682 SF
Transaction Type:Sale

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 (Ben) Moss
Compass
Benjamin Moss
10 deals$114.6M volume(305) 793-4783
BROKER
ML
Matthew Whitman Lazenby
3 deals$50.7M volume
SELLER

Details

SOLD
IMAGE: Matthew Whitman Lazenby, Miltiadis Kastanis & Ben Moss DATE: 06/08/2022 ADDRESS: 7825 Atlantic Way MARKET: Miami Beach ASSET TYPE: Single-Family BUYER: Miami Breeze LLC SELLER: Matthew Whitman Lazenby - Whitman Family Development BUYER'S REP: Miltiadis Kastanis - Douglas Elliman SELLER'S REP: Ben Moss - Compass SALE PRICE: $21,000,000 SF: 8,682 ~ PPSF: $2,419

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56