Paul Morelli Acquires $17.5M Single Family Home At 2700 North Bay Road, Miami Beach
2700 North Bay Road, Miami Beach, FL, USA
$17,500,000
$1,730/SF
Building Size
10,114 SF
Asset Type
Single Family
Closing
Apr 13, 2021
AI
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
Miami Beach Single Family Market Snapshot
Boundary boundary · Single Family · 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