Oren Alexander Acquires Miami Beach SFR For $10.65M
24 Palm Avenue, Miami Beach, FL, USA
$10,650,000
$1,522/SF
Building Size
6,995 SF
Asset Type
Single Family Residence
Closing
Nov 12, 2020
AI
Oren Alexander & Saddy Delgado have completed a sale transaction in Miami Beach. The property, located at 24 Palm Avenue, is a single-family residence with a total area of 6,995 square feet. The sale took place on November 13, 2020, and the property was sold for $10,650,000. The price per square foot is approximately $1,523.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $10,650,000
- Date: November 13, 2020
- Address: 24 Palm Avenue
- Market: Miami Beach
Oren Alexander, from Douglas Elliman, represented the buyer in the transaction. Saddy Delgado, from One Sotheby's International Realty, represented the seller. The successful completion of this sale demonstrates the expertise and professionalism of both buyer's and seller's representatives.
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
1.49%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93