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Christopher Paciello Acquires SFR In Miami Beach For $9.27M

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SOLD
$9,275,000

Florida

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Single Family Residence9,095 SF
Sold 03/15/2022
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Property Image
SOLD

Christopher Paciello Acquires SFR In Miami Beach For $9.27M

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

See Similar Deals
Single Family Residence9,095 SF
Sold 03/15/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,019
Total Square Footage:9,095 SF
Transaction Type:Sale

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
44 deals$761.2M volume
BROKER

Ana Teresa Rodriguez
Coldwell Banker
21 deals$170.6M volume
BROKER

David Pullman
Sotheby's International Realty
13 deals$94.3M volume
BROKER

Details

SOLD
IMAGE: David Pullman DATE: 03/15/2022 ADDRESS: 1400 West 23rd Street MARKET: Miami Beach ASSET TYPE: SFR BUYER: Christopher Paciello SELLER: David Dewitt BROKER: David Pullman (@DPullman) (@TheWaterfrontTeam) - ONE Sotheby's International Realty (@Onesir) SALE PRICE: $9,275,000 SF: 7,069 ~ PPSF: $1,312

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$32,952.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,968.23
Annual Debt Service$527,618.78