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
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