1FF & Joy Invest Acquires SFR In Miami Beach For $9M
290 South Coconut Lane, Miami Beach, FL 33139
$9,000,000
$571/SF
Building Size
15,736 SF
Asset Type
Single Family Residence
Closing
Jun 16, 2020
AI
The property at 290/294 S Coconut Lane in Miami Beach has been sold. This single-family residential (SFR) asset was purchased by 1FF & Joy Invest from the seller, Lape Holdings.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,000,000
- Date: 06/16/2021
- Address: 290/294 S Coconut Lane, Miami Beach
- Market: Miami Beach
Laurent Benzaquen & Harel Bitton from Cromwell & Forbes represented the buyer, while Daniel Alvarez from Miles Goldstein Real Estate represented the seller in the deal.
The asking price for this property was $10,000,000, and it was ultimately sold for $9,000,000. The property spans a total square footage of 15,736, resulting in a price per square foot of $572.
Players
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93