Updated Dec 4, 2024
Matt Crane & Nancy Batchelor Of Compass Represent Sale Of Miami Beach Single Family Home For $21M
1601 North View Drive
$21,000,000
$868/SF
Building Size
24,174 SF
Asset Type
Single Family Residence
Closing
Oct 30, 2024
About this deal
AI
The property involved in this transaction is a single-family home located at 1601 North View Drive in the Miami Beach market. The sale price was $21,000,000, with a total square footage of 3,061 and a price per square foot of $6,860.50.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $21,000,000
- Address: 1601 North View Drive
- Market: Miami Beach
- Square Footage: 3,061
- Price Per Square Foot: $6,860.50
- Brokers: Matt Crane & Nancy Batchelor - Compass
- Date of Sale: 10/30/2024
The deal was facilitated by brokers Matt Crane and Nancy Batchelor, who represent Compass in this transaction. Their involvement marks a significant role in the successful closing of the sale of this property.
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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93