Updated Oct 28, 2024
Sam Logan Acquires Miami Beach Single Family From Myles Shear For $12.5M
3300 Chase Avenue, Miami Beach, Florida 33140, United States
$12,500,000
$1,760/SF
Building Size
7,100 SF
Asset Type
Single Family Residence
Closing
Apr 5, 2022
About this deal
AI
A single-family property located at 3300 Chase Avenue in Miami Beach has been sold for $12,500,000. The property spans over 5,202 square feet, resulting in a price per square foot of $2,403. The transaction took place on April 6, 2022, and the buyer was Sam Logan.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $12,500,000
- Address: 3300 Chase Avenue
- Market: Miami Beach
- Square Footage: 5,202
- Price Per Square Foot: $2,403
The seller of the property was Myles Shear, a member of the PalmTreeCrew, and the buyer was represented by Nubia Tylke from Florida Capital Realty. On the seller's side, the representative was Oren Alexander from Douglas Elliman.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $12.5M for 7,100 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93