Alden Global Capital Sells Miami Beach Single Family Asset For $29.5M With Nelson Gonzalez
4774 North Bay Road
$29,500,000
$4,335/SF
Building Size
6,804 SF
Asset Type
Single Family
Closing
May 19, 2025
AI
A newly built single-family home located at 4774 North Bay Road in Miami Beach has been sold for $29.5 million. This property encompasses an area of 0.33 acres and features a total square footage of 6,804. The price per square foot for this transaction stands at $4,336.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $29,500,000
- Address: 4774 North Bay Road
- Market: Miami Beach
- Acres: 0.33
- Square Footage: 6,804
- Price Per Square Foot: $4,336
- Seller: Thomas Del Bosco - Alden Global Capital
- Broker: Nelson Gonzalez - Berkshire Hathaway HomeServices EWM Realty
The transaction was handled by Nelson Gonzalez, who represented both sides in this off-market deal. The buyer remains undisclosed, but it has been reported that they are local to the Miami area. The property was on the market for a duration of five months prior to its sale.
Players
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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93