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Jennifer Lopez & Ben Affleck Lease Miami Beach Single Family Home From Paul Morelli

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LEASED
Paul Morelli

Florida

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Single Family Residence10,114 SF
Leased 05/28/2021
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Property Image
LEASED

Jennifer Lopez & Ben Affleck Lease Miami Beach Single Family Home From Paul Morelli

2700 North Bay Road, Miami Beach, FL, USA

See Similar Deals
Single Family Residence10,114 SF
Leased 05/28/2021
Paul Morelli
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Summary

FLORIDA
Asset Type:Single Family Residence
Total Square Footage:10,114 SF
Transaction Type:Lease

Jennifer Lopez and Ben Affleck have found a temporary residence in Miami Beach. They recently signed a lease for a single-family home in the area. The property, owned by Paul Morelli, offers a spacious living space with a square footage of approximately 10,114. The monthly rent for this luxurious accommodation is $130,000.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: Leased for $130,000/month

The deal was facilitated by Julian Johnston of The Corcoran Group, who represented both Jennifer Lopez and Ben Affleck in this lease agreement. The Corcoran Group, a reputed agency, played a vital role in ensuring a smooth transaction between the tenants and landlord.

Players

Julian Johnston
55 deals$777.3M volume(305) 502-3985
BROKER

Paul Morelli
5 deals$72.2M volume
LANDLORD

Details

LEASED
IMAGE: Paul Morelli, Ben Affleck, Julian Johnston & Jennifer Lopez DATE: 05/28/2021 MARKET: Miami Beach ASSET TYPE: Single Family TENANT: Jennifer Lopez & Ben Affleck LANDLORD: Paul Morelli BROKER: Julian Johnston - The Corcoran Group ASKING RENT: $130,000/month ~ SF: 10,114

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Deal Type
Effective Rent (Annual)

$579,728.38

Total Lease Value

$5,797,283.77

Net Landlord Cash Flow$579,728.38