Douglas Elliman Acquires SFR In Miami's Matheson Avenue For $14M
3648 Matheson Avenue
$14,000,000
$2,078/SF
Building Size
6,737 SF
Asset Type
Single Family
Closing
Aug 23, 2023
AI
A single-family residential property located at 3648 Matheson Avenue in Miami has been sold for a price of $14,000,000. The property spans a total area of 6,737 square feet and is valued at $2,078 per square foot.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $14,000,000
- Address: 3648 Matheson Avenue
- Market: Miami
- Square Footage: 6,737
- Price per Square Foot: $2,078
The seller of the property is ECI Matheson, represented by Manuel Mato and Luis Perez. On the buyer's side, Jaclyn Bild, a representative from Douglas Elliman, facilitated the transaction.
Players
Market 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93