Peter Thiel Acquires Miami Beach SFR For $18M With Buyer's Rep Douglas Kinsley & Seller's Rep Dora Puig
SOLD
$18,000,000
Florida
See Similar DealsSingle Family Residence10,041 SF
Sold 09/21/2020
SOLD
Peter Thiel Acquires Miami Beach SFR For $18M With Buyer's Rep Douglas Kinsley & Seller's Rep Dora Puig
445 East Rivo Alto Drive
See Similar DealsSingle Family Residence10,041 SF
Sold 09/21/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,792
Total Square Footage:10,041 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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