SOLDCo-Op
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
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.
Players
Miami Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
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