Andian Group Acquires Miami Beach Single Family Property For $13.9M With Jills Zeder Group Reps
SOLD
$13,900,000
+ 1
Florida
See Similar DealsSingle Family7,748 SF
Sold 01/19/2022
SOLD
Andian Group Acquires Miami Beach Single Family Property For $13.9M With Jills Zeder Group Reps
Miami Beach, Miami, Florida 33125, United States
See Similar DealsSingle Family7,748 SF
Sold 01/19/2022
+ 1
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,794
Total Square Footage:7,748 SF
Transaction Type:Sale
The single-family property in Miami Beach, located on a 0.6-acre lot, was recently sold for $13,900,000. The property spans an impressive 7,748 square feet, with a price per square foot of $1,794. The sale took place on January 19, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $13,900,000
- Market: Miami Beach
- Lot Size: 0.6 acres
The buyer of the property was Andian Group, represented by Andres Isaias and Alejandro Diaz Bazan. Lions Global, represented by Jorge Chammas Neto, acted as the seller in the deal. Alejandro Diaz Bazan, from Jills Zeder Group - Coldwell Banker, served as the buyer's representative. Jill Eber and Jill Hertzberg, also from Jills Zeder Group - Coldwell Banker, represented the seller.
It is worth noting that the property holds significance as it was featured in the original "Miami Vice" TV show, adding to its historical appeal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$741,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,383.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,893.09
Annual Debt Service$790,717.10
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