Don Mullen - Pretium Partners Acquires Miami Beach SFR For $24.75M
1757 West 27th Street, Miami Beach, FL 33140, USA
$24,750,000
$2,475/SF
Building Size
10,000 SF
Asset Type
Single Family Residence
Closing
Mar 31, 2021
AI
A single-family residential property located at 1757 West 27th Street in Miami Beach has been sold in a transaction that closed on April 1, 2021. The property spans approximately 10,000 square feet and was sold for a total price of $24,750,000, resulting in a per square foot price of $2,475. The buyer in this transaction was Don Mullen, representing Pretium Partners, while the seller was James Curnin. The deal was facilitated by Mick Duchon and Eloy Carmenate, who represented both parties as brokers from The Corcoran Group.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $24,750,000
- Property Address: 1757 West 27th Street, Miami Beach
- Market: Miami Beach
Don Mullen, representing Pretium Partners, was the buyer in this transaction. The seller was James Curnin. Mick Duchon and Eloy Carmenate, brokers from The Corcoran Group, facilitated the deal on behalf of both parties.
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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93