facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

1485 Cleveland Road

Sam Logan Sells Single Family Home At 1485 Cleveland Road For $11 Million With Jordan Karp As Seller's Rep
SOLDSingle Family Residence

Sam Logan Sells Single Family Home At 1485 Cleveland Road For $11 Million With Jordan Karp As Seller's Rep

1485 Cleveland Road

$11,000,000

$1,964/SF

Building Size

5,600 SF

Asset Type

Single Family Residence

Closing

Sep 23, 2024

AI

The property asset involved in the transaction is located at 1485 Cleveland Road in the Miami Beach market. It is a single-family home featuring 5,600 square feet of living space. The sale was finalized at a price of $11,000,000, resulting in a price per square foot of $1,964.

Summary of transaction details:

This transaction involved several key individuals representing both the buyer and the seller. The buyer's interests were represented by Joel Lusky and Alexander Knips from The Brokerage South Florida Real Estate. On the seller's side, Jordan Karp from Jordan Karp LLC, along with Pier Paolo Visconti and Claudia Llanes from The Visconti Team at Douglas Elliman, facilitated the deal.

Players

Pier Paolo Visconti

Douglas Elliman

Broker

$195.7M

vol

10 deals

Broker

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93