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Coconut Grove, Miami, FL, USA

Heath Freeman Acquires Single Family Home In Coconut Grove For $19M
SOLDSingle Family Residence

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

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

Toni Schrager

Brown Harris Stevens

Broker

$90.8M

vol

9 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage
Compass
CompassBrokerage

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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