Tracey Hirt Acquires SFR On 1276 South Venetian Way In Miami Beach For $8.4M
1276 S Venetian Way, Miami Beach, FL 33139, USA
$8,400,000
$2,217/SF
Building Size
3,788 SF
Asset Type
Single Family Residence
Closing
Jul 22, 2020
AI
Chapman Ducote, Allan Kleer, and Fabian Garcia-Diaz were involved in a recent property sale transaction in Miami Beach. The sale took place on July 23, 2020, for the property located at 1276 South Venetian Way. The property, classified as a Single-Family Residence (SFR), was sold for a price of $8,400,000. With a total area of 3,788 square feet, the price per square foot comes out to be $2,217.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $8,400,000
- Square Footage: 3,788 sqft
- Price per Square Foot: $2,217
- Seller: Chapman Ducote – Merchant Services Ltd.
- Buyer: Tracey Hirt – LendUs
- Brokers: Allan Kleer & Fabian Garcia-Diaz – One Sotheby’s International Realty
The seller in this transaction was Chapman Ducote, representing Merchant Services Ltd. On the buyer's side, Tracey Hirt, representing LendUs, acquired the property. Allan Kleer and Fabian Garcia-Diaz, both from One Sotheby's International Realty, acted as the brokers in this deal.
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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93