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Miami Beach, Florida

Updated Dec 4, 2024

Lisa Hochstein Leases Luxurious Condo In Miami Beach With $32,000/month Rent
LEASEDCondo

Lisa Hochstein Leases Luxurious Condo In Miami Beach With $32,000/month Rent

Miami Beach, Florida

$5

$5/SF

Building Size

5,586 SF

Asset Type

Condo

Closing

Sep 26, 2023

About this deal

AI

Lisa Hochstein, known for her appearance on "Real Housewives of Miami," has recently taken up residence in a luxurious condo located in Miami Beach. The 5,586-square-foot property boasts an impressive array of features, including 5 bedrooms, 5.5 baths, high ceilings, and private elevator access. The monthly rent for this lavish abode stands at $32,000, providing Lisa with an exquisite living experience. The condo also offers a range of amenities, such as beach service, a concierge, and a fitness center.

Summary of transaction details:

  • Property Type: Condo
  • Asking Rent: $32,000/month
  • Square Footage: 5,586
  • Tenant: Lisa Hochstein
  • Market: Miami Beach

Lisa Hochstein's move to this stunning condo represents a significant change in her living arrangements, following her departure from her estranged husband's Star Island mansion. With its prime location and a plethora of amenities, this luxurious property is sure to provide Lisa with a comfortable and elevated living experience.

Players

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Lease transactions

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Deal FAQ

About $5 per square foot on a published $5 for 5,586 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3172600.00%

Cash-on-Cash

-906738.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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