facebook
Traded Co logo
Submit

Sam Logan Acquires Miami Beach Single Family From Myles Shear For $12.5M

Property Image
SOLD
$12,500,000
Oren Alexander
NT
MS
+ 1

Florida

See Similar Deals
Single Family Residence7,100 SF
Sold 04/06/2022
the dealplayerscompscontact
Property Image
SOLD

Sam Logan Acquires Miami Beach Single Family From Myles Shear For $12.5M

3300 Chase Avenue, Miami Beach, Florida 33140, United States

See Similar Deals
Single Family Residence7,100 SF
Sold 04/06/2022
Oren Alexander
NT
MS
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,760
Total Square Footage:7,100 SF
Transaction Type:Sale

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

Oren Alexander
Official
Oren Alexander
106 deals$2B volume(305) 610-4559
BROKER
NT
Nubia Tylke
1 deal$12.5M volume
BROKER
Douglas Elliman
Douglas Elliman
BROKERAGE
SL
Sam Logan
4 deals$60.6M volume
BUYER
MS
Myles Shear
5 deals$31.9M volume
SELLER

Details

SOLD
IMAGE: Myles Shear & Oren Alexander DATE: 04/06/2022 ADDRESS: 3300 Chase Avenue MARKET: Miami Beach ASSET TYPE: Single Family BUYER: Sam Logan SELLER: Myles Shear @PalmTreeCrew BUYER'S REP: Nubia Tylke - Florida Capital Realty SELLER'S REP: @OrenAlexander - @DouglasElliman SALE PRICE: $12,500,000 SF: 5,202 ~ PPSF: $2,403

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$666,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53