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1757 West 27th Street, Miam...

Don Mullen - Pretium Partners Acquires Miami Beach SFR For $24.75M
SOLDSingle Family Residence

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

Eloy Carmenate

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker
Pretium
PretiumBuyer
James Curnin

James Curnin

Seller

$207.5M

vol

9 deals

Seller

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