Ivanka Trump & Jared Kushner Acquire Land In Miami Beach From Julio Iglesias
4 Indian Creek Island Road, Miami Beach, FL, USA
$31,800,000
$397/SF
Building Size
80,000 SF
Asset Type
Co-Op
Closing
Dec 8, 2020
About this deal
AI
Ivanka Trump and Jared Kushner have purchased a residential land in Miami Beach. The property is located at 4 Indian Creek Island Road on an acre of land. The seller of the property is Julio Iglesias, a well-known figure. The transaction was facilitated by Jill Eber from Coldwell Banker Realty. The asking price for the property was $31,800,000.
Summary of transaction details
- Property Type: Residential Land
- Transaction Amount: $31,800,000
- Address: 4 Indian Creek Island Road
- Market: Miami Beach
- Buyer: Ivanka Trump & Jared Kushner
- Seller: Julio Iglesias
- Broker: Jill Eber - Coldwell Banker Realty
- Acre: 1.84
The deal was concluded successfully, with Ivanka Trump and Jared Kushner acquiring this prime residential land in Miami Beach. The transaction marks another significant investment made by these high-profile individuals in the real estate market. It highlights their continued interest in prestigious properties and their commitment to expanding their real estate portfolio.
Players
Indian Creek Village Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93