Greg Mermelli Sells Miami Beach SFR For $18M With Seller’s Agent David Kreps And Nile Lundgren & Scott Lawrence Porter
2120 Bay Ave, Miami Beach, Fl 33140, Estados Unidos
$18,000,000
$281/SF
Building Size
64,000 SF
Asset Type
Single Family Residence
Closing
Oct 22, 2020
AI
A single-family residence located at 2120 Bay Avenue in Miami Beach has been sold. The property was sold for a total price of $18,000,000, with a total square footage of 6,400. The price per square foot for the property was $2,812.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $18,000,000
- Property Address: 2120 Bay Avenue, Miami Beach
- Market: Miami Beach
- Square Footage: 6,400
- Price per Square Foot: $2,812
The seller of the property was Greg Mermelli. The transaction was facilitated by the seller's agent, David Kreps, in conjunction with Nile Lundgren and Scott Lawrence Porter.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93