Ilonka Padeh Sells Miami Beach Single Family Home For $8.7 Million With David Pullman & George Burns As Brokers
3355 Flamingo Drive
$8,700,000
$350/SF
Building Size
24,830 SF
Asset Type
MultiFamily
Closing
Jul 22, 2024
AI
The property asset involved in this transaction is a single-family residence located at 3355 Flamingo Drive in Miami Beach. The sale price for the property was $8,700,000, encompassing a total square footage of 24,830, resulting in a price per square foot of $350.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,700,000
- Address: 3355 Flamingo Drive
- Market: Miami Beach
- Square Footage: 24,830
- Price per Square Foot: $350
- Seller: Ilonka Padeh
- Brokers: David Pullman - Sotheby's International Realty; George Burns - One Sotheby’s International Realty
Ilonka Padeh is the seller of the property, while David Pullman from Sotheby's International Realty and George Burns from One Sotheby’s International Realty acted as the brokers in this transaction, facilitating the deal between the involved parties.
Players
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93