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1510 W 25th St, Miami Beach...

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

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

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

$24,500,000

$1,929/SF

Building Size

12,700 SF

Asset Type

Single Family Residence

Closing

Aug 2, 2020

AI

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

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker
Valerio Morabito

Valerio Morabito

Morabito Properties

Seller

$71.7M

vol

5 deals

Seller

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

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93