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7825 Atlantic Way, Miami Be...

Matthew Whitman Lazenby Acquires SFR In Miami Beach For $17.3M
SOLDSingle Family Residence

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

Benjamin Moss

Compass

Broker

$114.6M

vol

10 deals

Broker

Matthew Whitman Lazenby

Whitman Family Development

Buyer

$50.7M

vol

3 deals

Buyer

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