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
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