Nicholas & Grace Leone Acquire Miami Beach SFR For $11.8M With Buyer's Rep Pietro Belmonte & Seller's Rep Dora Puig
SOLD
$11,800,000
Florida
See Similar DealsSingle Family Residence4,818 SF
Sold 03/01/2021
SOLD
Nicholas & Grace Leone Acquire Miami Beach SFR For $11.8M With Buyer's Rep Pietro Belmonte & Seller's Rep Dora Puig
451 East Dilido Drive, Miami Beach, FL, USA
See Similar DealsSingle Family Residence4,818 SF
Sold 03/01/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,449
Total Square Footage:4,818 SF
Transaction Type:Sale
A single-family home located at 451 East Dilido Drive in Miami Beach has been sold for a price of $11,800,000. The property spans across 4,818 square feet with a price per square foot of $2,449. It was sold on March 1, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $11,800,000
- Address: 451 East Dilido Drive, Miami Beach
- Market: Miami Beach
The buyers of this property are Nicholas and Grace Leone, while Zora Foote and Colin Meadows, representing Invesco, served as the sellers. The buyer was represented by Pietro Belmonte from Douglas Elliman, and the seller was represented by Dora Puig from Luxe Living Realty.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$629,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,922.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,938.02
Annual Debt Service$671,256.24
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