Prestige Realty Group Sells Miami SFR For $14.5M
SOLD
$14,500,000
Florida
See Similar DealsCo-Op33,977 SF
Sold 12/28/2022
SOLD
Prestige Realty Group Sells Miami SFR For $14.5M
4151 Palm Lane
See Similar DealsCo-Op33,977 SF
Sold 12/28/2022
Summary
FLORIDA
Asset Type:Co-Op
Price Per Square Foot:$426
Total Square Footage:33,977 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,737.40
Annual Debt Service$824,848.77
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