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Gianluca Vacchi Acquires Valerio Morabito's Miami Beach SFR For $24.5M

Property Image
SOLD
$24,500,000

Florida

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Single Family Residence12,700 SF
Sold 08/02/2020
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Property Image
SOLD

Gianluca Vacchi Acquires Valerio Morabito's Miami Beach SFR For $24.5M

1510 W 25th St, Miami Beach, FL 33140, USA

See Similar Deals
Single Family Residence12,700 SF
Sold 08/02/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,929
Total Square Footage:12,700 SF
Transaction Type:Sale

Located at 1510 West 25th Street in Miami Beach, this single-family residential property was recently sold in a closed transaction. The property spans an impressive 12,700 square feet, offering ample space for its future owner. The sale price for this property was $24,500,000, resulting in a price per square foot of $1,929.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $24,500,000
  • Address: 1510 West 25th Street
  • Market: Miami Beach

The seller of this property, Valerio Morabito, successfully closed the deal with the buyer, Gianluca Vacchi. The transaction was facilitated by the skilled brokers Eloy Carmenate and Mick Duchon from Douglas Elliman. They played a crucial role in ensuring a smooth and successful transaction for both the seller and the buyer.

Players

Eloy Carmenate
32 deals$584.2M volume(305) 582-7179
BROKER

Michael (Mick) Duchon
The Corcoran Group
36 deals$670.3M volume(732) 754-7535
BROKER

Valerio Morabito
5 deals$71.7M volume
SELLER

Details

SOLD
IMAGE: IMAGE: Valerio Morabito, Gianluca Vacchi, Eloy Carmenate, & Mick Duchon⁠ DATE: 08/03/2020⁠ ADDRESS: 1510 West 25th Street⁠ MARKET: Miami Beach⁠ ASSET TYPE: SFR⁠ SELLER: Valerio Morabito⁠ BUYER: Gianluca Vacchi⁠ BROKERS: Eloy Carmenate & Mick Duchon – Douglas Elliman⁠ PRICE: $24,500,000⁠ SF: 12,700⁠ PPSF: $1,929

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,306,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99