Updated Dec 4, 2024
Alexander Team Sells Single Family Home In Miami Beach For $10.2M As Seller's Rep
1220 South Biscayne Point Road
$10,200,000
$1,880/SF
Building Size
5,423 SF
Asset Type
Single Family
Closing
May 15, 2024
About this deal
AI
The single-family property located at 1220 South Biscayne Point Road in Miami Beach was sold for $10,200,000. Spanning 5,423 square feet, the property was sold at a price per square foot of $1,881.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $10,200,000
- Square Feet: 5,423
- Price Per Square Foot: $1,881
- Address: 1220 South Biscayne Point Road, Miami Beach
Oren Alexander, Tal Alexander, and Isaac Lustgarten of the Alexander Team served as the seller's representatives for this transaction.
On the Map
$10,200,000
$1,880/SF
Single Family
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Players
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $10.2M for 5,423 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93