Updated Oct 15, 2026
Michael Greenberg Purchases Single Family Home In Miami Beach For $16.2 Million
1800 West 27th Street
$16,200,000
$2,861/SF
Building Size
5,662 SF
Asset Type
Single Family Residence
Closing
Jan 27, 2026
About this deal
AI
The property asset involved in this transaction is a single-family home located at 1800 West 27th Street in the Miami Beach market. The sale price of the property was $16,200,000, with a total square footage of 5,662. The price per square foot for the asset is noted at $2,861.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $16,200,000
- Address: 1800 West 27th Street
- Market: Miami Beach
- Square Footage: 5,662
- Price per Square Foot: $2,861
- Buyer: Michael Greenberg
- Seller: Jacobo Azout, Harry Jamri Alfassi, Jerry Lechter & Samuel Papu - Sun Light Homes
- Seller's Representative: Chad Carroll - The Chad Carroll Group
- Buyer's Representative: Joyce Gato - Douglas Elliman
- Photographer: Daniel Petroni
The transaction featured notable individuals including the buyer Michael Greenberg and the seller group comprised of Jacobo Azout, Harry Jamri Alfassi, Jerry Lechter, and Samuel Papu, represented by Chad Carroll. Joyce Gato acted as the representative for the buyer in this sale.
On the Map
$16,200,000
$2,861/SF
Single Family Residence
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Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $2.9K per square foot on a published $16.2M for 5,662 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93