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135 Palm Avenue, Miami Beac...

Christopher Coudron & Benjamin Ling Acquire Miami Beach SFR For $29.5M
SOLDSingle Family Residence

Christopher Coudron & Benjamin Ling Acquire Miami Beach SFR For $29.5M

135 Palm Avenue, Miami Beach, FL 33139, USA

$29,500,000

$2,667/SF

Building Size

11,058 SF

Asset Type

Single Family Residence

Closing

Aug 25, 2021

AI

A single-family home located at 135 Palm Ave in Miami Beach has been sold for a total price of $29,500,000. The property spans approximately 11,058 square feet, resulting in a price per square foot of $2,667. The transaction took place on August 25, 2021.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $29,500,000
  • Address: 135 Palm Ave, Miami Beach
  • Market: Miami Beach

The buyers of the property are Christopher Coudron and Benjamin Ling, while the seller is Pascal Nicolai from Sabal Development. Liz Hogan from Compass represented the buyers, and Mathieu Rochette from Compass and Jeffrey Miller from One Sotheby's represented the seller in the transaction.

Please note that no additional information is available about the property or the individuals involved in the deal.

Players

Liz Hogan

Compass

Broker

$537.9M

vol

35 deals

Broker
Pascal Nicolai

Pascal Nicolai

Sabal Development

Seller

$145.9M

vol

10 deals

Seller

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

0.54%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93