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
$5,400,000
$1,402/SF
Building Size
3,850 SF
Asset Type
Single Family
Closing
Jan 8, 2024
AI
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.
Players
Miami Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93