ALB Shorecrest Heights, LLC Sells Single Family Property In Miami For $5.4M With Buyer's Rep Tristan Alexander & Seller's Rep Richard Feldman
SOLD
$5,400,000
Florida
See Similar DealsSingle Family3,850 SF
Sold 01/08/2024
SOLD
ALB Shorecrest Heights, LLC Sells Single Family Property In Miami For $5.4M With Buyer's Rep Tristan Alexander & Seller's Rep Richard Feldman
1035 Belle Meade Island Drive
See Similar DealsSingle Family3,850 SF
Sold 01/08/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,402
Total Square Footage:3,850 SF
Transaction Type:Sale
The single-family property located at 1035 Belle Meade Island Drive in Miami has been sold for a price of $5,400,000. The property spans across 3,850 square feet and has a price per square foot of $1,403. The transaction took place on January 8, 2024.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,400,000
- Address: 1035 Belle Meade Island Drive
- Market: Miami
The seller in this transaction was ALB Shorecrest Heights, LLC, represented by Jonah Brander. The buyer was represented by Tristan Alexander from Compass. Richard Feldman from Miami Waterfront Realty acted as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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