Jose Carlos Pontes Acquires Single-Family Home In Miami Beach For $17.5M
Miami Beach, FL, USA
$17,500,000
$3,218/SF
Building Size
5,437 SF
Asset Type
Single Family Residence
Closing
Nov 10, 2021
AI
A single-family property located in Miami Beach has been sold for $17,500,000. The property spans 5,437 square feet with a price per square foot of $3,219. The sale took place on November 10, 2021.
Summary of transaction details
- Property Type: Single-Family
- Transaction Amount: $17,500,000
- Market: Miami Beach
- Buyer: Jose Carlos Pontes - Grupo Marquise
- Seller: Loring Group
- Buyer's Representative: Sonia Gherardi - One Sotheby’s International Realty
- Seller's Representative: Alessandro Saponaro - AFS Living
The buyer of the property is Jose Carlos Pontes, representing Grupo Marquise, while the seller is the Loring Group. Sonia Gherardi from One Sotheby’s International Realty acted as the buyer's representative, and Alessandro Saponaro from AFS Living represented the seller.
Players
Miami Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93