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6445 Allison Road

Jordan Karp Represents Buyer In $16M Purchase Of Miami Beach Single Family
SOLDSingle Family

Jordan Karp Represents Buyer In $16M Purchase Of Miami Beach Single Family

6445 Allison Road

$16,000,000

$2,285/SF

Building Size

7,000 SF

Asset Type

Single Family

Closing

Apr 11, 2024

AI

The single-family property located at 6445 Allison Road in Miami Beach was sold for $16,000,000. Spanning 7,000 square feet, the property sits on a 16,200 square foot lot and features six bedrooms, nine bathrooms, a custom kitchen cabinetry by Boffi, and interior design by Artefacto. The residence offers a waterfront view, an oversized primary suite, and outdoor amenities including a summer kitchen, heated saltwater swimming pool, and a whole-house generator.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $16,000,000
  • Market: Miami Beach
  • Address: 6445 Allison Road
  • Square Footage: 7,000
  • Price per Square Foot: $2,286

Jordan Karp of Jordan Karp LLC represented the buyer in the transaction, while Oliver Lloyd from Douglas Elliman served as the seller's representative. Jordan Karp LLC and Douglas Elliman played crucial roles in facilitating the successful sale of the property at 6445 Allison Road. The deal involved a significant investment and the expertise of these professionals ensured a smooth transaction.

Players

Oliver Lloyd

Douglas Elliman

Broker

$202.1M

vol

13 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

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93