Shlomy Alexander And Felix Cohen Sell Miami Beach SFR For $25 Million With Buyer's Rep Melissa Azran Attias And Seller's Rep Julian Cohen And Oren Alexander
SOLD
$25,000,000
Florida
See Similar DealsSingle Family Residence6,560 SF
Sold 12/20/2021
SOLD
Shlomy Alexander And Felix Cohen Sell Miami Beach SFR For $25 Million With Buyer's Rep Melissa Azran Attias And Seller's Rep Julian Cohen And Oren Alexander
1825 West 24th Street, Miami Beach, FL 33140
See Similar DealsSingle Family Residence6,560 SF
Sold 12/20/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3,811
Total Square Footage:6,560 SF
Transaction Type:Sale
Located in Miami Beach, the single-family residential property at 1825 W 24th St was recently sold in a closed transaction. The property spans a total of 6,560 square feet and was sold at a price of $25,000,000, resulting in a price per square foot of $3,811.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $25,000,000
- Address: 1825 W 24th St
- Market: Miami Beach
The sellers of the property were Shlomy Alexander, Felix Cohen, and Julian Cohen. The buyer was represented by Melissa Azran Attias from Beach Front Realty. On the seller's side, Julian Cohen from The Jills Zeder Group and Oren Alexander from Douglas Elliman acted as the representatives.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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