Nancy Peretsman & Robert Scully Acquire Miami Beach Condo From Seller Michael Huffington For $11.4M
Miami Beach, FL, USA
$11,400,000
$3,605/SF
Building Size
3,162 SF
Asset Type
Condo
Closing
Nov 24, 2021
About this deal
AI
A condo in Miami Beach has been sold for a price of $11,400,000. The property spans 3,162 square feet and has a price per square foot of $3,605. The sale took place on November 24, 2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,400,000
- Square Footage: 3,162
- Price Per Square Foot: $3,605
The buyer of the condo is Nancy Peretsman & Robert Scully, while the seller is Michael Huffington. The buyer was represented by Frank Kissel from BHHS EWM Realty, while the seller was represented by Harlan Goldberg from Bespoke Real Estate.
This transaction showcases the involvement of notable individuals in the real estate industry, such as Nancy Peretsman, Robert Scully, Michael Huffington, Frank Kissel, and Harlan Goldberg. Each party's representation in the deal adds to the significance of this transaction in the Miami Beach market.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Visit Frank Kissel to view all their deals.
Browse Florida condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93