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R Florida Acquires SFR On Palm Avenue In Miami Beach For $17.2M

Property Image
SOLD
$17,200,000
Rob Barr
Lourdes Alatriste

Florida

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Single Family Residence4,896 SF
Sold
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Property Image
SOLD

R Florida Acquires SFR On Palm Avenue In Miami Beach For $17.2M

216 Palm Ave, Miami Beach, Fl 33139

See Similar Deals
Single Family Residence4,896 SF
Sold
Rob Barr
Lourdes Alatriste
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$3513
Total Square Footage:4896 SF
Transaction Type:Sale

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

Lourdes Alatriste
Douglas Elliman
Lourdes Alatriste
38 deals$535.9M volume(305) 926-5322
BROKER
Rob Barr
R New York
Rob Barr
4 deals$37.1M volume
BROKER

Details

SOLD
IMAGE: Lourdes Alatriste & Rob Barr DATE: 05/31/2023 ADDRESS: 216 Palm Avenue MARKET: Miami Beach ASSET TYPE: SFR BUYER'S REP: Rob Barr (@Robbarrrrr) - R Florida (@RFloridaBrokers) SELLER'S REP: Lourdes Alatriste (@LourdesAlatriste) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida) SALE PRICE: $17,200,000 SF: 4,896 ~ PPSF: $3,513

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$61,107.97
Cash-on-Cash Return-1.27%
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