Updated Oct 29, 2024
Marcus & Mirjam Asam Acquire SFR On Venetian Islands For $11.6M
120 West Rivo Alto Drive, Venetian Islands, Miami Beach, FL, USA & 120 West Rivo Alto Drive, Venetian Islands, Miami Beach, FL, USA
$11,550,000
$1,079/SF
Building Size
5,350 SF
Asset Type
Single Family Residence
Closing
Dec 12, 2019
About this deal
AI
A single-family residential property located at 120 West Rivo Alto Drive in the Venetian Islands has been sold. The transaction took place on December 13, 2019, with Arbo Mia LLC as the seller and Marcus & Mirjam Asam as the buyers. The property was represented by Silke Dietrich from Brown Harris Stevens Miami and Julian Johnston from Corcoran Group. The sale price for the property was $11,550,000, with a total area of 5,350 square feet, resulting in a price per square foot of $2,159.
Summary of Transaction Details
- Property Type: SFR
- Transaction Amount: $11,550,000
- Address: 120 West Rivo Alto Drive
- Market: Venetian Islands
Key individuals involved in the transaction include Marcus & Mirjam Asam as the buyers and Arbo Mia LLC as the seller. Silke Dietrich from Brown Harris Stevens Miami and Julian Johnston from Corcoran Group represented the respective parties. The property boasts a spacious area of 5,350 square feet, commanding a price per square foot of $2,159.
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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93