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

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SOLD
$16,000,000

Florida

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Single Family7,000 SF
Sold 04/11/2024
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SOLD

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

6445 Allison Road

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Single Family7,000 SF
Sold 04/11/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,285
Total Square Footage:7,000 SF
Transaction Type:Sale

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
13 deals$202.1M volume
BROKER

Jordan Karp
51 deals$707.7M volume(305) 610-1689
BROKER

Details

SOLD
IMAGE: Oliver Lloyd & Jordan Karp DATE: 04/11/2024 ADDRESS: 6445 Allison Road MARKET: Miami Beach ASSET TYPE: Single Family ~ ACRES: 0.37 BUYER'S REP: Jordan Karp (@JayKarp) - Jordan Karp LLC SELLER'S REP: Oliver Lloyd (@LivSellsMiami) - Douglas Elliman (@DouglasElliman) SALE PRICE: $16,000,000 SF: 7,000 ~ PPSF: $2,286 NOTE: Jordan Karp of Jordan Karp LLC represented the buyer, while Oliver Lloyd of Douglas Elliman served as the seller's representative in the $16,000,000 purchase of a single-family property located at 6445 Allison Road in Miami Beach. The property, sitting on a 16,200 square foot lot, features a 7,000 square foot home with six bedrooms, nine bathrooms, custom kitchen cabinetry by Boffi, and interior design by Artefacto, boasting a waterfront view, oversized primary suite, and outdoor amenities including a summer kitchen, heated saltwater swimming pool, and a whole-house generator.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$56,844.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$75,848.16
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