Todd Michael Glaser Sells Single Family Property In Miami Beach For $12M
SOLD
$12,000,000
Florida
See Similar DealsSingle Family Residence5,735 SF
Sold 04/20/2021
SOLD
Todd Michael Glaser Sells Single Family Property In Miami Beach For $12M
1500 West 21st Street, Miami Beach, FL, USA
See Similar DealsSingle Family Residence5,735 SF
Sold 04/20/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,092
Total Square Footage:5,735 SF
Transaction Type:Sale
The single-family property located at 1500 West 21st Street in Miami Beach has been sold for a price of $12,000,000. The property spans a total area of 5,735 square feet, resulting in a price per square foot of $2,092. The transaction took place on April 20, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $12,000,000
- Square Footage: 5,735
- Price per Square Foot: $2,092
- Address: 1500 West 21st Street, Miami Beach
Todd Michael Glaser, the seller of the property, was represented by Dina Goldentayer from Douglas Elliman. The buyer, on the other hand, was represented by Adam Freeman from Coldwell Banker Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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