Peter Thiel Acquires Miami Beach SFR For $18M With Buyer's Rep Douglas Kinsley & Seller's Rep Dora Puig
445 East Rivo Alto Drive
$18,000,000
$1,792/SF
Building Size
10,041 SF
Asset Type
Single Family Residence
Closing
Sep 21, 2020
AI
The property involved in this closed transaction is a Single Family Residence located at 445-441 East Rivo Alto Drive in Miami Beach. The property has a total square footage of 10,041 and was sold for a price of $18,000,000. The price per square foot for this transaction is $1,793.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $18,000,000
- Address: 445-441 East Rivo Alto Drive, Miami Beach
- Market: Miami Beach
Peter Thiel purchased the property from Jacques Nasser. Douglas Kinsley from Fortune International Realty represented Peter Thiel as the buyer's representative, while Dora Puig from Luxe Living Realty represented Jacques Nasser as the seller's representative.
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93