Updated Oct 29, 2024
Warren Lichtenstein Acquires Single Family Property In Miami Beach For $15.5M
714 West Dilido Drive, Miami Beach, FL 33139, USA
$15,500,000
$2,602/SF
Building Size
5,957 SF
Asset Type
Single Family Residence
Closing
Mar 31, 2021
About this deal
AI
Warren Lichtenstein, the CEO of Steel Partners Holdings L.P., has purchased a single-family property in Miami Beach. The property is located at 714 West Dilido Drive and was sold by Myles Chefetz.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,500,000
- Address: 714 West Dilido Drive, Miami Beach
- Market: Miami Beach
- Square Footage: 5,957
The deal was facilitated by Dina Goldentayer, a representative of Douglas Elliman, who acted as the broker in the transaction.
This transaction showcases the involvement of key individuals such as Warren Lichtenstein, the buyer, and Myles Chefetz, the seller. Warren Lichtenstein, known for his role as the CEO of Steel Partners Holdings L.P., made the purchase. On the other hand, Myles Chefetz played the role of the seller in this deal. Dina Goldentayer, representing Douglas Elliman, provided her expertise as the broker for this transaction.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.6K per square foot on a published $15.5M for 5,957 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93