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24 Palm Avenue, Miami Beach...

Oren Alexander Acquires Miami Beach SFR For $10.65M
SOLDSingle Family Residence

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

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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