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Howard Lorber Acquires SFR In Miami Beach For $12M From Seller JP Investments I

Property Image
SOLD
$12,000,000
Jill Hertzberg
HL
DE

Florida

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Single Family Residence58,790 SF
Sold 06/05/2020
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Property Image
SOLD

Howard Lorber Acquires SFR In Miami Beach For $12M From Seller JP Investments I

1525 N View Dr, Miami Beach, FL 33140, USA

See Similar Deals
Single Family Residence58,790 SF
Sold 06/05/2020
Jill Hertzberg
HL
DE
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$204
Total Square Footage:58,790 SF
Transaction Type:Sale

The property located at 1525 North View Drive in Miami Beach has been sold for $12,000,000. This single-family residence (SFR) offers a total area of 5,879 square feet, resulting in a price per square foot (PPSF) of $2,041.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $12,000,000
  • Address: 1525 North View Drive, Miami Beach
  • Market: Miami Beach
  • Square Footage: 5,879
  • Price per Square Foot (PPSF): $2,041

The buyer of the property is Howard Lorber, represented by Douglas Elliman. The seller, JP Investments I, was represented by Ronald Fieldstone and Sonja Berchtold. Jill Hertzberg of Coldwell Banker acted as the broker in this transaction.

Players

Jill Hertzberg
Coldwell Banker
Jill Hertzberg
87 deals$2.3B volume
BROKER
HL
Howard Lorber
2 deals$19.4M volume
BUYER
DE
Douglas Elliman
Douglas Elliman
5 deals$40.3M volume
BUYER

Details

SOLD
IMAGE: Howard Lorber, Ronald Fieldstone & Jill Hertzberg DATE: 06/05/2020 ADDRESS: 1525 North View Drive MARKET: Miami Beach ASSET TYPE: SFR PRICE: $12,000,000 SF: 5,879 PPSF: $2,041 BUYER: Howard Lorber – Douglas Elliman SELLER: JP Investments I – Ronald Fieldstone, Sonja Berchtold BROKERS: Jill Hertzberg – Coldwell Banker

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
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