Updated Dec 21, 2023
Todd Michael Glaser Acquires Miami Beach Single Family Property For $11M
93 Palm Avenue, Miami Beach, FL 33139
$11,000,000
$1,465/SF
Building Size
7,507 SF
Asset Type
Single Family Residence
Closing
Sep 2, 2021
About this deal
AI
Located at 93 Palm Ave in Miami Beach, this single-family home was recently sold in a closed transaction. The property was purchased by Todd Michael Glaser for a price of $11,000,000. The sale took place on September 2, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,000,000
- Market: Miami Beach
- Image: Todd Michael Glaser
- Date: 09/02/2021
- Address: 93 Palm Ave
Todd Michael Glaser, a prominent buyer, acquired this property. As an experienced real estate professional, Glaser represented himself in the transaction.
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $11M for 7,507 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93