Updated Oct 28, 2024
SM La Playa LLC Acquires Single Family Property In Miami Beach For $9.5M
1001 North Shore Drive, Miami Beach, Florida 33141, United States
$9,500,000
$2,115/SF
Building Size
4,490 SF
Asset Type
Single Family Residence
Closing
Aug 28, 2022
About this deal
AI
The property involved in the transaction is a single-family home located at 1001 North Shore Drive in Miami Beach. The property sits on approximately 0.4 acres of land. The sale was facilitated by Patrick Haywood from Charles Rutenberg Realty.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $9,500,000
- Date: 08/29/2022
- Market: Miami Beach
- Square Footage: 4,490
- Price per Square Foot: $2,116
The buyer of the property is SM La Playa LLC, represented by Sebastian Gallo, Mariano Mazur, and Pablo Coll. The seller of the property is Todd Allen Whitman and Karen Whitman.
On the Map
$9,500,000
$2,115/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93