Patrick Dovigi Of Dovfam Acquires Single Family Home In Miami Beach For $15M
SOLD
$15,000,000
Florida
See Similar DealsSingle Family Residence
Sold 09/22/2025
SOLD
Patrick Dovigi Of Dovfam Acquires Single Family Home In Miami Beach For $15M
1601 West 24th Street
See Similar DealsSingle Family Residence
Sold 09/22/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Transaction Type:Sale
The property asset involved in the transaction is a single-family home located at 1601 West 24th Street in Miami Beach. The sale price of the property was $15,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,000,000
- Buyer: Patrick Dovigi - Dovfam
- Broker: Isaac Lustgarten - The Corcoran Group
This transaction showcases the involvement of key individuals in the real estate market, particularly Patrick Dovigi representing Dovfam as the buyer and Isaac Lustgarten acting as the broker from The Corcoran Group, facilitating the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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