Matthew Whitman Lazenby Acquires SFR In Miami Beach For $17.3M
7825 Atlantic Way, Miami Beach, FL, USA
$17,300,000
$2,727/SF
Building Size
6,342 SF
Asset Type
Single Family Residence
Closing
Feb 22, 2021
AI
A single-family residence located at 7825 Atlantic Way in Miami Beach has been sold for $17,300,000. The property covers an area of 6,342 square feet, resulting in a price per square foot of $2,728. The sale took place on February 23, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $17,300,000
The buyer of the property was Matthew Whitman Lazenby, representing Whitman Family Development. The sellers were Jennifer and Farid Suleman. Benjamin Moss, from Compass, served as the buyer's representative, while Julian Johnston and Jelena PA Khurana, from The Corcoran Group, represented the sellers in the deal.
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93