Updated Oct 29, 2024
AT Conference Acquires Single Family Property In Miami Beach For $11.5M
1775 West 24th Street
$11,500,000
$3,677/SF
Building Size
3,127 SF
Asset Type
Single Family
Closing
Mar 4, 2022
About this deal
AI
A single-family property located at 1775 West 24th Street in Miami Beach has been sold for a price of $11,500,000. The property spans over 3,127 square feet and has a price per square foot of $3,678.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $11,500,000
- Address: 1775 West 24th Street, Miami Beach
- Square Footage: 3,127
- Price per Square Foot: $3,678
The buyer of this property is David Jannetti, representing AT Conference. The seller of the property is Ever 24th Street. The transaction was facilitated by Bruce J. Smoler, a broker.
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $3.7K per square foot on a published $11.5M for 3,127 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93