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3300 Chase Avenue, Miami Be...

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

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

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

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Sam Logan

Buyer

$60.6M

vol

4 deals

Buyer

Myles Shear

Seller

$31.9M

vol

5 deals

Seller

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

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93