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40 Rivo Alto Land Trust Acquires SFR In Miami Beach For $23.5M

Property Image
SOLD
$23,500,000
Timothy (Tim) Allen
Hillary Hertzberg
Daniel (Danny) Hertzberg
+ 1

Florida

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Single Family Residence5,188 SF
Sold 04/04/2022
the dealplayerscompscontact
Property Image
SOLD

40 Rivo Alto Land Trust Acquires SFR In Miami Beach For $23.5M

40 West Rivo Alto Drive, Miami Beach, Florida 33139, United States

See Similar Deals
Single Family Residence5,188 SF
Sold 04/04/2022
Timothy (Tim) Allen
Hillary Hertzberg
Daniel (Danny) Hertzberg
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,529
Total Square Footage:5,188 SF
Transaction Type:Sale

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

Daniel (Danny) Hertzberg
Coldwell Banker
Daniel Hertzberg
67 deals$1.7B volume
BROKER
Hillary Hertzberg
Hillary Hertzberg
11 deals$148.9M volume
BROKER
Timothy (Tim) Allen
Blackstone International Realty
Timothy Allen
3 deals$35M volume
BROKER
FP
Francisco Perez
6 deals$123.6M volume
SELLER
FP
Francisco Perez
6 deals$123.6M volume
SELLER

Details

SOLD
IMAGE: Hillary Hertzberg, Tim Allen & Danny Hertzberg DATE: 04/04/2022 ADDRESS: 40 W Rivo Alto Dr MARKET: Miami Beach ASSET TYPE: SFR BUYER: 40 Rivo Alto Land Trust SELLER: Francisco E. Perez BUYER'S REP: Tim Allen - Blackstone Realty (@Blackstone.Realty) SELLER'S REP: Danny Hertzberg (@DannyHertzberg) & Hillary Hertzberg (@HillaryHertzberg) - The Jills Zeder Group (@JillsZederBeach) - Coldwell Banker Realty (@CbRealtyFlorida) SALE PRICE: $23,500,000 SF: 5,188 ~ PPSF: $4,529

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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