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Camryn Magness Acquires $10.6M Miami Beach Penthouse From David M. Hryck

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SOLD
$10,600,000

Florida

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Other2,863 SF
Sold 04/15/2022
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Property Image
SOLD

Camryn Magness Acquires $10.6M Miami Beach Penthouse From David M. Hryck

102 24th Street, Miami Beach, Florida 33139, United States

See Similar Deals
Other2,863 SF
Sold 04/15/2022
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$3,702
Total Square Footage:2,863 SF
Transaction Type:Sale

The property involved in this closed transaction is a penthouse located at 102 24th Street in Miami Beach. The penthouse spans 2,863 square feet and was sold for a price of $10,600,000, resulting in a price per square foot of $3,702. The seller of the penthouse was David M. Hryck, a representative from Duane Morris, while the buyer was Camryn Magness, an American singer. Camryn Magness was represented by Alexa Lemieux from Venetian International LLC, while Jennifer Restrepo from eXp Realty represented the seller in the deal.

Summary of transaction details

  • Property Type: Penthouse
  • Transaction Amount: $10,600,000
  • SF: 2,863
  • PPSF: $3,702

In this transaction, Camryn Magness, an American singer, purchased the penthouse located at 102 24th Street in Miami Beach. Alexa Lemieux from Venetian International LLC represented Camryn Magness as the buyer's representative. The seller of the penthouse was David M. Hryck, represented by Jennifer Restrepo from eXp Realty.

Players

1 deal$10.6M volume
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Details

SOLD
IMAGE: Camryn Magness & Alexa Lemieux DATE: 04/15/2022 ADDRESS: 102 24th Street MARKET: Miami Beach ASSET TYPE: Penthouse BUYER: Camryn Magness - American singer SELLER: David M. Hryck - Duane Morris BUYER'S REP: Alexa Lemieux - Venetian International LLC SELLER'S REP: Jennifer Restrepo - eXp Realty SALE PRICE: $10,600,000 SF: 2,863 ~ PPSF: $3,702

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$565,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89