Paul Morelli Acquires $17.5M Single Family Home At 2700 North Bay Road, Miami Beach
SOLD
$17,500,000
Florida
See Similar DealsSingle Family10,114 SF
Sold 04/13/2021
SOLD
Paul Morelli Acquires $17.5M Single Family Home At 2700 North Bay Road, Miami Beach
2700 North Bay Road, Miami Beach, FL, USA
See Similar DealsSingle Family10,114 SF
Sold 04/13/2021
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,730
Total Square Footage:10,114 SF
Transaction Type:Sale
A single-family property located at 2700 North Bay Road in Miami Beach has been sold in a recent transaction. The property spans 10,114 square feet and was sold for a price of $17,500,000, resulting in a price per square foot of $1,730. The transaction took place on April 13, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $17,500,000
The buyer of the property is Paul Morelli. On the selling side, the property was owned by Corinne Puig and Louis J. Puig through LP Holding. The deal was facilitated by Julian Johnston from The Corcoran Group, acting as the broker.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
Is there something missing? Send suggestions