facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

1617 22nd Street, Miami Bea...

Kirsten And Richard Tester Acquire Single Family Home In Miami Beach For $13M
SOLDSingle Family Residence

Kirsten And Richard Tester Acquire Single Family Home In Miami Beach For $13M

1617 22nd Street, Miami Beach, FL, USA

$13,000,000

$1,630/SF

Building Size

7,972 SF

Asset Type

Single Family Residence

Closing

May 12, 2021

AI

Located at 1617 West 22nd Street in Miami Beach, this single family home was recently sold in a closed transaction. The property spans 7,972 square feet and was sold for $13,000,000, resulting in a price per square foot of $1,631.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $13,000,000
  • Market: Miami Beach
  • Buyer: Kirsten Tester; Richard Tester - Redzone Production Systems
  • Seller: Johanna Paola Reyes; Alexandre Saverin - Kawa Capital Management
  • Broker: Julian Johnston - The Corcoran Group

The buyer, represented by Richard Tester of Redzone Production Systems, acquired the property from the seller, represented by Alexandre Saverin of Kawa Capital Management. This transaction marks a significant deal in the Miami Beach market.

Players

Julian Johnston

The Corcoran Group

Broker

$777.3M

vol

55 deals

Broker
R
RedzoneBuyer

Richard Tester

Redzone

Buyer

$21.6M

vol

2 deals

Buyer

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93