Updated Oct 29, 2024
Howard Lorber Acquires SFR In Miami Beach For $12M From Seller JP Investments I
1525 N View Dr, Miami Beach, FL 33140, USA
$12,000,000
$204/SF
Building Size
58,790 SF
Asset Type
Single Family Residence
Closing
Jun 4, 2020
About this deal
AI
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
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $204 per square foot on a published $12M for 58,790 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93