Updated Dec 21, 2023
Jacques Nasser Sells Miami Beach SFR For $18M With Buyer's Rep Douglas Kinsley & Seller's Rep Dora Puig
445 East Rivo Alto Drive
$18,000,000
$179/SF
Building Size
100,410 SF
Asset Type
Single Family Residence
Closing
Sep 20, 2020
About this deal
AI
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.
On the Map
$18,000,000
$179/SF
Single Family Residence
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Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $179 per square foot on a published $18M for 100,410 square feet (2020).
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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