Updated Sep 9, 2024
Joshua Patkin Acquires Miami Beach Single-Family Property For $13M
Miami Beach, FL, USA
$13,000,000
$3,606/SF
Building Size
3,605 SF
Asset Type
Single Family Residence
Closing
Aug 4, 2021
About this deal
AI
A single-family property in Miami Beach was recently sold for $13,000,000. The property, with a total square footage of 3,605, was purchased by Joshua Patkin. The transaction took place on August 4, 2021. The sale price equates to approximately $3,606 per square foot.
Summary of transation details
- Property Type: Single-Family
- Transaction Amount: $13,000,000
- Buyer: Joshua Patkin
- Seller: Estate of Kenneth Alan Hill Sr.
- Buyer's Rep: Michael Kuritnik - Compass
- Seller's Rep: Allan Kleer & Fabian Garcia-Diaz - One Sotheby’s International Realty
Joshua Patkin, represented by Michael Kuritnik of Compass, acquired the single-family property from the Estate of Kenneth Alan Hill Sr. The transaction was facilitated by Allan Kleer & Fabian Garcia-Diaz of One Sotheby’s International Realty, who represented the seller.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.6K per square foot on a published $13M for 3,605 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93