R Florida Acquires SFR On Palm Avenue In Miami Beach For $17.2M
216 Palm Ave, Miami Beach, Fl 33139
$17,200,000
$3,513/SF
Building Size
4,896 SF
Asset Type
Single Family Residence
Closing
May 31, 2023
AI
A Single-Family Residence (SFR) located at 216 Palm Avenue in Miami Beach has been sold for a total of $17,200,000. The property measures 4,896 square feet and was purchased at a price of $3,513 per square foot.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $17,200,000
- Address: 216 Palm Avenue
- Market: Miami Beach
- Buyer's Representative: Rob Barr - R Florida
- Seller's Representative: Lourdes Alatriste - Douglas Elliman
- Size (SF): 4,896
- Price per Square Foot (PPSF): $3,513
The buyer was represented by Rob Barr from R Florida, while Lourdes Alatriste from Douglas Elliman acted as the seller's representative in the transaction.
Players
Miami 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93