Rick Ross Acquires SFR In Miami Beach From Yale Brown For $35M
37 Star Island Dr, Miami Beach, FL 33139
$35,000,000
$2,828/SF
Building Size
12,374 SF
Asset Type
Single Family Residence
Closing
Aug 14, 2023
AI
The property involved in this transaction is a single-family home located at 37 Star Island Drive in Miami Beach. The property spans 12,374 square feet, with a price per square foot of $2,829. The sale price for this property is $35,000,000. The buyer, Rick Ross, is acquiring the property from the seller, Yale Brown. The transaction was facilitated by Kimberly Knausz from ONE Sotheby's International Realty.
Summary of transaction details:
- Property Type: Single Family Home (SFR)
- Transaction Amount: $35,000,000
- Square Footage: 12,374
- Price Per Square Foot: $2,829
- Address: 37 Star Island Drive, Miami Beach
- Buyer: Rick Ross
- Seller: Yale Brown
- Broker: Kimberly Knausz - ONE Sotheby's International Realty
Kimberly Knausz, representing ONE Sotheby's International Realty, played a key role in facilitating the transaction between Rick Ross and Yale Brown. This high-value deal highlights the desirability of properties in Miami Beach's market. The impressive square footage and the prestigious location of the property on Star Island Drive are factors that likely contributed to the sale's substantial price. This transaction showcases the expertise and professionalism of Kimberly Knausz and ONE Sotheby's International Realty in the luxury real estate market.
Players
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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93