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.
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