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3300 Chase Avenue, Miami Be...

Myles Shear Acquires Miami Beach SFR For $6.6M With Buyer's Rep Julian Cohen And Seller's Rep Nicolas Brocherie
SOLDSingle Family Residence

Myles Shear Acquires Miami Beach SFR For $6.6M With Buyer's Rep Julian Cohen And Seller's Rep Nicolas Brocherie

3300 Chase Avenue, Miami Beach, FL, USA

$6,600,000

$1,268/SF

Building Size

5,202 SF

Asset Type

Single Family Residence

Closing

Dec 9, 2020

AI

The recently closed property transaction in Miami Beach involved the sale of a single-family home located at 3300 Chase Avenue. The property, spanning 5,202 square feet, was sold for a price of $6,600,000. The sale price reflects a per square foot value of approximately $1,269. The SFR asset type located in the sought-after market of Miami Beach garnered significant attention.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $6,600,000
  • Address: 3300 Chase Avenue
  • Market: Miami Beach

Myles Shear acted as the buyer in this acquisition, while Trung Nghia Duong served as the seller. Representing the buyer was Julian Cohen from The Jills Zeder Group. On the other side, Nicolas Brocherie from The Olivine Realty Group represented the seller. Their expertise played a pivotal role in ensuring a successful transaction.

Players

Julian Cohen

Douglas Elliman

Broker

$291.6M

vol

23 deals

Broker
Coldwell Banker
Coldwell BankerBrokerage

Myles Shear

Buyer

$31.9M

vol

5 deals

Buyer

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

2.40%

Cash-on-Cash

-0.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93