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
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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93