Jacques Nasser Sells 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 Residence100,410 SF
Sold 09/20/2020
SOLD
Jacques Nasser Sells 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 Residence100,410 SF
Sold 09/20/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$179
Total Square Footage:100,410 SF
Transaction Type:Sale
The property at 445-441 East Rivo Alto Drive in Miami Beach has been sold for $18,000,000. The single-family residence (SFR) spans a total area of 10,041 square feet, resulting in a price per square foot of $1,793.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $18,000,000
- Square Footage: 10,041
- Price per Square Foot: $1,793
- Address: 445-441 East Rivo Alto Drive, Miami Beach
Jacques Nasser acted as the seller of the property, while the buyer was represented by Douglas Kinsley from Fortune International Realty. Dora Puig from Luxe Living Realty served as the seller's representative in this transaction.
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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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