Updated Oct 28, 2024
Heath Freeman Acquires Single Family Home In Coconut Grove For $19M
Coconut Grove, Miami, FL, USA
$19,000,000
$1,688/SF
Building Size
11,253 SF
Asset Type
Single Family Residence
Closing
Sep 3, 2021
About this deal
AI
A single-family property located in Coconut Grove has been sold for a total price of $19,000,000. The property has a total square footage of 11,253, resulting in a price per square foot of $1,688. The sale took place on September 3, 2021.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $19,000,000
- Square Footage: 11,253
- Price per Square Foot: $1,688
The buyer of the property is Heath Freeman, representing Alden Global Capital. Judith Werner from Bold Miami, LLC acted as the buyer's representative in the transaction. On the other hand, Toni Schrager from Brown Harris Stevens served as the seller's representative.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $19M for 11,253 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93