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Alejandro Montealegre Acquires SFR In Miami Beach For $16M

Property Image
SOLD
$16,000,000
Reid Heidenry
Marko Gojanovic
Lourdes Alatriste

Florida

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Single Family Residence5,243 SF
Sold 07/19/2022
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Property Image
SOLD

Alejandro Montealegre Acquires SFR In Miami Beach For $16M

79 North Hibiscus Drive

See Similar Deals
Single Family Residence5,243 SF
Sold 07/19/2022
Reid Heidenry
Marko Gojanovic
Lourdes Alatriste
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,051
Total Square Footage:5,243 SF
Transaction Type:Sale

The property involved in this closed transaction is a Single Family Residential (SFR) located at 79 N Hibiscus Dr in Miami Beach. The property spans a total of 5,243 square feet. The sale price for this property was $16,000,000, resulting in a price per square foot (PPSF) of $3,052.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $16,000,000
  • Address: 79 N Hibiscus Dr, Miami Beach
  • Square Footage: 5,243
  • Price per Square Foot: $3,052

The buyer in this transaction is Alejandro Montealegre. The seller is Pascal Nicolai, representing Sabal Luxury Builder and Sabal Development. Alejandro Montealegre was represented by Marko Gojanovic and Reid Heidenry from ONE Sotheby’s International Realty. Lourdes Alatriste from Douglas Elliman served as the seller's representative in this deal.

Players

Lourdes Alatriste
Douglas Elliman
Lourdes Alatriste
38 deals$535.9M volume(305) 926-5322
BROKER
Reid Heidenry
Sotheby's International Realty
Reid Heidenry
40 deals$454.9M volume(305) 942-7302
BROKER
Marko Gojanovic
Sotheby's International Realty
Marko Gojanovic
37 deals$513.4M volume(718) 360-5059
BROKER
SB
Sabal Luxury Builder
SELLER
SD
Sabal Development
SELLER

Details

SOLD
IMAGE: Lourdes Alatriste & Pascal Nicolai DATE: 07/19/2022 ADDRESS: 79 N Hibiscus Dr MARKET: Miami Beach ASSET TYPE: SFR BUYER: Alejandro Montealegre SELLER: Pascal Nicolai (@PascalNicolai) - Sabal Luxury Builder (@SabalBuilder) - Sabal Development (@SabalDev) BUYER'S REP: Marko Gojanovic & Reid Heidenry - ONE Sotheby’s International Realty SELLER'S REP: Lourdes Alatriste (@lourdesalatriste) - Douglas Elliman SALE PRICE: $16,000,000 SF: 5,243 ~ PPSF: $3,052

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
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