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1727 West 24th Street, Miam...

Francisco Perez Acquires SFR In Miami Beach For $13M
SOLDSingle Family Residence

Francisco Perez Acquires SFR In Miami Beach For $13M

1727 West 24th Street, Miami Beach, Florida 33140, United States

$13,000,000

$2,682/SF

Building Size

4,847 SF

Asset Type

Single Family Residence

Closing

May 19, 2022

AI

Located in Miami Beach, the property under transaction is a Single Family Residence (SFR) situated at 1727 W 24th St. This spacious property boasts a total square footage of 15,894, with each square foot valued at $818. The transaction occurred on 05/20/2022 for a sale price of $13,000,000. The buyer in this transaction was Francisco Perez, while Anton Dressman acted as the seller.

Summary of Transaction Details

  • Property Type: SFR
  • Transaction Amount: $13,000,000
  • Address: 1727 W 24th St
  • Market: Miami Beach
  • SF: 15,894
  • PPSF: $818

The transaction was facilitated by several notable brokers. Santiago Rodriguez represented the buyer through Douglas Elliman, while Alan Chocron represented the seller through Compass. Additionally, Danny Hertzberg and Jon Mann, from Coldwell Banker, also played a role in this transaction. Their expertise and guidance contributed to the successful completion of this deal.

Players

Alan Chocron

Compass

Broker

$104.5M

vol

20 deals

Broker

Francisco Perez

Buyer

$123.6M

vol

6 deals

Buyer

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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93