Giancarlo Codoni & Nicola Tramezzani Acquire Single Family Home In Miami Beach For $13M
SOLD
$13,000,000
Florida
See Similar DealsSingle Family Residence6,200 SF
Sold 05/02/2022
SOLD
Giancarlo Codoni & Nicola Tramezzani Acquire Single Family Home In Miami Beach For $13M
1440 West 23rd Street, Miami Beach, Florida 33140, United States
See Similar DealsSingle Family Residence6,200 SF
Sold 05/02/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,096
Total Square Footage:6,200 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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