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1220 South Biscayne Point Road

Alexander Team Sells Single Family Home In Miami Beach For $10.2M As Seller's Rep
SOLDSingle Family

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

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

Isaac Lustgarten

The Corcoran Group

Broker

$262.6M

vol

24 deals

Broker

Miami Beach 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

1.56%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93