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2111 Lake Avenue, Miami Bea...

Ariela Esquenazi Acquires SFR In Miami Beach For $12.5M
SOLDSingle Family Residence

Ariela Esquenazi Acquires SFR In Miami Beach For $12.5M

2111 Lake Avenue, Miami Beach, FL, USA

$12,500,000

$1,889/SF

Building Size

6,616 SF

Asset Type

Single Family Residence

Closing

Feb 25, 2021

AI

The property at 2111 Lake Avenue in Miami Beach has been sold for a price of $12,500,000. It is a single-family residential property with a total area of 6,616 square feet. The price per square foot comes to $1,889. The transaction took place on February 26, 2021, and the buyer was Ariela Esquenazi from Ariela & Associates International. The seller was 2111 Tranquility Base LLC. Cory Waldman from Coldwell Banker represented the buyer, while Julian Johnston from The Corcoran Group represented the seller.

Summary of Transaction Details

  • Property Type: Single Family Residential (SFR)
  • Transaction Amount: $12,500,000
  • Address: 2111 Lake Avenue, Miami Beach
  • Market: Miami Beach

Ariela Esquenazi, from Ariela & Associates International, successfully completed the purchase of the property. Cory Waldman, a representative of Coldwell Banker, provided assistance to the buyer throughout the transaction. Julian Johnston, from The Corcoran Group, represented the seller in this deal.

Players

Julian Johnston

The Corcoran Group

Broker

$777.3M

vol

55 deals

Broker

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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93