Updated Dec 21, 2023
Jorge L. & Aida V. Garcia Acquire Single-Family Property In Miami Beach For $17M
198 Palm Ave, Miami Beach, FL, USA
$17,000,000
$1,171/SF
Building Size
14,515 SF
Asset Type
Single Family Residence
Closing
Oct 26, 2021
About this deal
AI
The single-family property located at 198 Palm Ave in Miami Beach has been sold in a closed transaction. The property spans 14,515 square feet and was sold for a price of $17,000,000, with a price per square foot of $1,171.
Summary of transation details
- Property Type: Single-Family
- Transaction Amount: $17,000,000
- Address: 198 Palm Ave, Miami Beach
The buyer of the property is Jorge L. & Aida V. Garcia, while the seller is Adria & Pedro Adrian.
The single family residence sale at 198 Palm Ave, Miami Beach, FL, USA in Miami Beach, Florida sold for $17M in 2021. The building is 14,515 square feet, implying about 1.2K per square foot on the published price. Named participants on the 198 Palm Ave, Miami Beach, FL, USA sale are Pedro Adrian. This page is the Miami Beach, Florida file for the 198 Palm Ave, Miami Beach, FL, USA single family residence sold: pricing, party profiles, and other closed single family residence comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach single family residence set by closing date to see what else sold near 198 Palm Ave, Miami Beach, FL, USA around 2021. Published consideration for 198 Palm Ave, Miami Beach, FL, USA is $17M, dated 2021. Cite this Jorge L. & Aida V. Garcia Acquire Single-Family Property In Miami Beach For $17M sale when underwriting similar single family residence product around Miami Beach, Florida.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
Visit Pedro Adrian to view all their deals.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93