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1337 North Venetian Way, Mi...

Leet House LLC Acquires Single Family Property On North Venetian Way In Miami Beach For $13.5M
SOLDSingle Family Residence

Leet House LLC Acquires Single Family Property On North Venetian Way In Miami Beach For $13.5M

1337 North Venetian Way, Miami Beach, FL, USA

$13,500,000

$2,045/SF

Building Size

6,601 SF

Asset Type

Single Family Residence

Closing

Apr 21, 2021

AI

A single-family property located at 1337 North Venetian Way in Miami Beach was recently sold for a price of $13,500,000. The property spans 6,601 square feet and has a price per square foot of $2,045. The transaction took place on April 22, 2021.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $13,500,000
  • Address: 1337 North Venetian Way, Miami Beach
  • Market: Miami Beach
  • Buyer: Leet House LLC
  • Seller: Kevin M. Flaherty - Morgan Stanley Wealth Management
  • Buyer's Representative: Samuel Ruj - Beachfront Realty
  • Seller's Representatives: Dina Goldentayer & Sam Gaita - Douglas Elliman
  • Square Footage: 6,601
  • Price per Square Foot: $2,045

The buyer, Leet House LLC, was represented by Samuel Ruj from Beachfront Realty, while the seller, Kevin M. Flaherty from Morgan Stanley Wealth Management, was represented by Dina Goldentayer and Sam Gaita from Douglas Elliman.

Players

Dina Goldentayer

Douglas Elliman

Broker

$1.8B

vol

97 deals

Broker

Kevin M. Flaherty

Morgan Stanley

Seller

$17.2M

vol

2 deals

Seller
Morgan Stanley
Morgan Stanley Lender

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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93