Updated Dec 20, 2023
Compass Reps Acquire Miami Beach SFR For $20.5M
19 Palm Ave, Miami Beach, FL 33139, USA
$20,500,000
$213/SF
Building Size
96,000 SF
Asset Type
Single Family Residence
Closing
Aug 16, 2020
About this deal
AI
The property located at 19 Palm Avenue in Miami Beach has been sold in a recent transaction. The single-family residence (SFR) spans across an area of 9,600 square feet. The transaction price for this property was $20,500,000, resulting in a price per square foot of $2,135.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $20,500,000
- Square Footage: 9,600
- Price per Square Foot: $2,135
- Address: 19 Palm Avenue, Miami Beach
- Market: Miami Beach
The sellers of this property were Dean and Melissa Carr. Representing the sellers in this transaction was Dina Goldentayer from Douglas Elliman. On the other hand, the buyer's representatives were Ivan Chorney and Michael Martirena from Compass.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $213 per square foot on a published $20.5M for 96,000 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93