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1440 West 23rd Street, Miam...

Giancarlo Codoni & Nicola Tramezzani Acquire Single Family Home In Miami Beach For $13M
SOLDSingle Family Residence

Giancarlo Codoni & Nicola Tramezzani Acquire Single Family Home In Miami Beach For $13M

1440 West 23rd Street, Miami Beach, Florida 33140, United States

$13,000,000

$2,096/SF

Building Size

6,200 SF

Asset Type

Single Family Residence

Closing

May 1, 2022

AI

The property involved in this transaction is a single-family home located at 1440 W 23rd St in the Miami Beach market. The asset spans 6,200 square feet and has a transaction price of $13,000,000, resulting in a price per square foot of $2,096.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $13,000,000
  • Address: 1440 W 23rd St
  • Market: Miami Beach, FL
  • Square Footage: 6,200
  • Price Per Square Foot: $2,096
  • Buyer: Giancarlo Codoni & Nicola Tramezzani
  • Seller: Thomas Neary & Claudia Perez

The transaction involved notable individuals, Giancarlo Codoni and Nicola Tramezzani as buyers, with the sellers being Thomas Neary and Claudia Perez. The transaction was conducted in a prime market, indicating strong buyer interest and activity in the area.

Players

Thomas Neary

Broker

$207M

vol

13 deals

Broker
BP
Bowery PropertiesBuyer
Thomas Neary

Thomas Neary

Seller

$207M

vol

13 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93