Updated Oct 28, 2024
Kenneth J. Virnig II - Thoma Bravo Acquires Single Family Property In Miami Beach For $10.8M
2001 Lake Avenue, Miami Beach, FL, USA
$10,800,000
$1,307/SF
Building Size
8,261 SF
Asset Type
Single Family Residence
Closing
Mar 31, 2021
About this deal
AI
A single-family property located at 2001 Lake Avenue in Miami Beach has been sold in a recent transaction. The property spans over 8,261 square feet and was sold for a price of $10,800,000, resulting in a price per square foot of $1,307.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $10,800,000
- Address: 2001 Lake Avenue, Miami Beach
- Market: Miami Beach
The buyer of this property is Kenneth J. Virnig II from Thoma Bravo, while the seller is Leonhard & Irmtraud E. Kurten. Acting as the buyer's representative is Danny Hertzberg from The Jills Zeder Group at Coldwell Banker. On the seller's side, Leonhard Kurten from Inter Invest Realty facilitated the transaction.
Players
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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93