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23 Tahiti Beach Island Rd, ...

Updated Dec 19, 2023

Ania & Ivan A Herrera Acquire SFR At 23 Tahiti Beach Island Rd For $16M
SOLDSingle Family Residence

Ania & Ivan A Herrera Acquire SFR At 23 Tahiti Beach Island Rd For $16M

23 Tahiti Beach Island Rd, Miami, FL 33143, USA

$16,000,000

$838/SF

Building Size

19,086 SF

Asset Type

Single Family Residence

Closing

May 3, 2020

About this deal

AI

The property at 23 Tahiti Beach Island Rd in Tahiti has been sold in a closed transaction. The single-family residential (SFR) property was purchased by Ania & Ivan A Herrera from the seller Jose E Souto for a price of $16,000,000. The property spans an area of 19,086 square feet, resulting in a price per square foot of $838.

Summary of transaction details

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $16,000,000
  • Address: 23 Tahiti Beach Island Rd
  • Market: Tahiti

Ania & Ivan A Herrera are the buyers of the property, while Jose E Souto is the seller. The transaction highlights the involvement of these key individuals in the deal.

Players

Ivan A. Herrera

Univista Insurance

Broker

$105.6M

vol

7 deals

Broker
Ivan A. Herrera

Ivan A. Herrera

Univista Insurance

Buyer

$105.6M

vol

7 deals

Buyer

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $838 per square foot on a published $16M for 19,086 square feet (2020).

Visit Ivan A. Herrera to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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