facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

1276 S Venetian Way, Miami ...

Tracey Hirt Acquires SFR On 1276 South Venetian Way In Miami Beach For $8.4M
SOLDSingle Family Residence

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

Fabian Garcia-Diaz

Sotheby's International Realty

Broker

$61.5M

vol

9 deals

Broker

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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