Updated Dec 19, 2023
Randy Frankel Sells Miami Beach SFR For $31.5M With One Sotheby's Int'l Realty
1635 W 22nd St, Miami Beach, FL 33140
$31,500,000
$3,705/SF
Building Size
8,500 SF
Asset Type
Single Family Residence
Closing
May 2, 2022
About this deal
AI
The SFR located at 1635 W, 1635 22nd St in Miami Beach has been sold for a price of $31,500,000. The property spans 8,500 square feet, resulting in a price per square foot of $3,706. The transaction took place on 05/03/2022 and was facilitated by Marko Gojanovic and Reid Heidenry, representing One Sotheby's Int'l Realty. The seller of the property was Randy Frankel.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $31,500,000
- Address: 1635 W, 1635 22nd St
- Market: Miami Beach
- Square Footage: 8,500
- Price per Square Foot: $3,706
- Seller: Randy Frankel
- Brokers: Marko Gojanovic & Reid Heidenry - One Sotheby's Int'l Realty
The sale of this property demonstrates the high demand and value of real estate in Miami Beach. Marko Gojanovic and Reid Heidenry, from One Sotheby's Int'l Realty, played a pivotal role in facilitating the transaction, ensuring a successful deal for both the buyer and seller.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $3.7K per square foot on a published $31.5M for 8,500 square feet (2022).
Visit Reid Heidenry to view all their deals.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93