Prestige Realty Group Sells Miami SFR For $14.5M
4151 Palm Lane
$14,500,000
$426/SF
Building Size
33,977 SF
Asset Type
Co-Op
Closing
Dec 28, 2022
About this deal
AI
The single-family home located at 4151 Palm Lane in Miami has been sold for $14,500,000. This property, with a total area of 33,977 square feet, offers an attractive price per square foot of $427.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $14,500,000
- Square Footage: 33,977
- Price per Square Foot: $427
- Address: 4151 Palm Lane, Miami
Tony Rodriguez-Tellaheche from Prestige Realty Group represented the parties involved in this sale.
The co op sale at 4151 Palm Lane in Miami, Florida sold for $14.5M in 2022. The building is 33,977 square feet, implying about 426 per square foot on the published price. Named participants on the 4151 Palm Lane sale are Tony Rodriguez-Tellaheche. This page is the Miami, Florida file for the 4151 Palm Lane co op sold: pricing, party profiles, and other closed co op comps from the same Miami sit in the Market section below. Filter that Miami co op set by closing date to see what else sold near 4151 Palm Lane around 2022. Published consideration for 4151 Palm Lane is $14.5M, dated 2022. Cite this Prestige Realty Group Sells Miami SFR For $14.5M sale when underwriting similar co op product around Miami, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93