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275 Palm Avenue, Miami Beac...

Mario Carbone Acquires Single Family Property On Palm Avenue In Miami Beach For $4.25M
SOLDSingle Family Residence

Mario Carbone Acquires Single Family Property On Palm Avenue In Miami Beach For $4.25M

275 Palm Avenue, Miami Beach, Florida 33139, United States

$4,250,000

$1,242/SF

Building Size

3,422 SF

Asset Type

Single Family Residence

Closing

Sep 20, 2022

AI

A single-family property located at 275 Palm Avenue in Miami Beach has been sold for $4,250,000. The property spans 3,422 square feet, equating to a price per square foot of $1,242. Additionally, the lot size is 6,000 square feet, resulting in a price per lot square foot of $708.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $4,250,000
  • Square Footage: 3,422
  • Price per Square Foot: $1,242
  • Lot Size: 6,000 square feet
  • Price per Lot Square Foot: $708

The buyer of the property is Mario Carbone, representing Major Food Group. The seller, Jacqueline Rumpel and Gregory Rumpel, were represented by Nancy Batchelor from Compass. Mario Carbone's representative in the deal was Kaila Mardoyan from Douglas Elliman. The transaction took place on September 21, 2022.

Players

Nancy Batchelor

Compass

Broker

$352.3M

vol

51 deals

Broker

Mario Carbone

Major Food Group

Buyer

$4.3M

vol

2 deals

Buyer
JLL
JLLSeller
JLL
JLLSeller

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93