Matthew Whitman Lazenby Acquires SFR In Miami Beach For $17.3M
SOLD
$17,300,000
+ 1
Florida
See Similar DealsSingle Family Residence6,342 SF
Sold 02/23/2021
SOLD
Matthew Whitman Lazenby Acquires SFR In Miami Beach For $17.3M
7825 Atlantic Way, Miami Beach, FL, USA
See Similar DealsSingle Family Residence6,342 SF
Sold 02/23/2021
+ 1
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,727
Total Square Footage:6,342 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$922,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,463.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,010.83
Annual Debt Service$984,129.91
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