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825 East Dilido Drive, Miam...

Banir Ganatra Acquires SFR On East Dilido Drive In Miami Beach From Andrew Lessman For $16.95M
SOLDSingle Family Residence

Banir Ganatra Acquires SFR On East Dilido Drive In Miami Beach From Andrew Lessman For $16.95M

825 East Dilido Drive, Miami Beach, FL, USA

$16,950,000

$2,165/SF

Building Size

7,828 SF

Asset Type

Single Family Residence

Closing

Nov 29, 2020

AI

Located at 825 East Dilido Drive in Miami Beach, this single-family residential property was recently sold in a transaction that closed on 11/30/2020. The property, boasting 7,828 square feet, was purchased for a price of $16,950,000, resulting in a price per square foot of $2,165. The sale of this property was facilitated by Dora Puig of Luxe Living Realty, who represented the seller, Andrew Lessman. On the buyer's side, Banir Ganatra of Americor was represented by Julian Johnston from The Corcoran Group.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $16,950,000
  • Address: 825 East Dilido Drive, Miami Beach
  • Market: Miami Beach

It's notable that Banir Ganatra, the buyer, is affiliated with Americor, while Andrew Lessman, the seller, didn't have a designated representative. Both sides of the transaction were represented by experienced professionals in the real estate industry. Dora Puig, from Luxe Living Realty, provided representation for the seller, and Julian Johnston from The Corcoran Group represented the buyer.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage

Andrew Lessman

Seller

$26M

vol

2 deals

Seller

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.94%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93