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
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