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1400 West 23rd Street, Miam...

Christopher Paciello Acquires SFR In Miami Beach For $9.27M
SOLDSingle Family Residence

Christopher Paciello Acquires SFR In Miami Beach For $9.27M

1400 West 23rd Street, Miami Beach, Florida 33140, United States

$9,275,000

$1,019/SF

Building Size

9,095 SF

Asset Type

Single Family Residence

Closing

Mar 14, 2022

AI

The sale of a Single-Family Residence (SFR) located at 1400 West 23rd Street in Miami Beach has been completed. The property, with a total area of 7,069 square feet, was sold by David Dewitt to Christopher Paciello for a transaction amount of $9,275,000. This translates to a price per square foot of $1,312. The sale was facilitated by David Pullman from ONE Sotheby's International Realty.

Summary of Transaction Details:

  • Property Type: SFR
  • Transaction Amount: $9,275,000
  • Address: 1400 West 23rd Street
  • Market: Miami Beach
  • Buyer: Christopher Paciello
  • Seller: David Dewitt
  • Broker: David Pullman - ONE Sotheby's International Realty
  • Square Footage: 7,069
  • Price per Square Foot: $1,312

Christopher Paciello has acquired the SFR located at 1400 West 23rd Street in Miami Beach, previously owned by David Dewitt. The successful completion of this transaction highlights the expertise of David Pullman from ONE Sotheby's International Realty, who represented both the buyer and the seller in this deal.

Players

Nelson Gonzalez

Berkshire Hathaway HomeServices

Broker

$761.2M

vol

44 deals

Broker

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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93