40 Rivo Alto Land Trust Acquires SFR In Miami Beach For $23.5M
40 West Rivo Alto Drive, Miami Beach, Florida 33139, United States
$23,500,000
$4,529/SF
Building Size
5,188 SF
Asset Type
Single Family Residence
Closing
Apr 3, 2022
AI
A single-family home located at 40 W Rivo Alto Dr in Miami Beach has been sold for a whopping $23,500,000. The property spans 5,188 square feet and was purchased by 40 Rivo Alto Land Trust from Francisco E. Perez. The sale price translates to approximately $4,529 per square foot, showcasing the desirability of this prime real estate.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $23,500,000
- Address: 40 W Rivo Alto Dr, Miami Beach
- Market: Miami Beach
In this transaction, Tim Allen from Blackstone Realty represented the buyer, 40 Rivo Alto Land Trust, while the seller, Francisco E. Perez, was represented by Danny Hertzberg and Hillary Hertzberg from The Jills Zeder Group, part of Coldwell Banker Realty. The involvement of reputable brokers further highlights the significance of this sale.
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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93