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

Property Image
SOLD
$13,500,000
Dina Goldentayer
Samuel Ruk
+ 1

Florida

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Single Family Residence6,601 SF
Sold 04/22/2021
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Property Image
SOLD

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

See Similar Deals
Single Family Residence6,601 SF
Sold 04/22/2021
Dina Goldentayer
Samuel Ruk
+ 1
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,045
Total Square Footage:6,601 SF
Transaction Type:Sale

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
91 deals$1.6B volume(786) 277-7539
BROKER

Sam Gaita
The Corcoran Group
5 deals$31.1M volume
BROKER

Samuel Ruk
2 deals$19.6M volume
BROKER


Morgan Stanley
LENDER

Details

SOLD
IMAGE: Dina Goldentayer, Kevin M. Flaherty & Sam Gaita DATE: 04/22/2021 ADDRESS: 1337 North Venetian Way MARKET: Miami Beach ASSET TYPE: Single Family BUYER: Leet House LLC SELLER: Kevin M. Flaherty - Morgan Stanley Wealth Management BUYER'S REP: Samuel Ruj - Beachfront Realty SELLER'S REP: Dina Goldentayer & Sam Gaita - Douglas Elliman PRICE: $13,500,000 SF: 6,601 ~ PPSF: $2,045

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65