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
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93