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Miami Beach, Miami, Florida...

Andian Group Acquires Miami Beach Single Family Property For $13.9M With Jills Zeder Group Reps
SOLDSingle Family

Andian Group Acquires Miami Beach Single Family Property For $13.9M With Jills Zeder Group Reps

Miami Beach, Miami, Florida 33125, United States

$13,900,000

$1,794/SF

Building Size

7,748 SF

Asset Type

Single Family

Closing

Jan 19, 2022

AI

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.

Players

Jill Eber

Coldwell Banker

Broker

$1.1B

vol

46 deals

Broker
Andres Isaias

Andres Isaias

Andian Group

Buyer

$157.1M

vol

8 deals

Buyer

Miami 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

1.14%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93