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469 Ocean Boulevard

French Montana Purchases Oceanfront Home In Golden Beach For $22 Million With Financing From Amerant Bank
SOLDSingle Family

French Montana Purchases Oceanfront Home In Golden Beach For $22 Million With Financing From Amerant Bank

469 Ocean Boulevard

$22,000,000

$2,997/SF

Building Size

7,340 SF

Asset Type

Single Family

Closing

Oct 18, 2024

AI

The property asset involved in the transaction is a single-family home located at 469 Ocean Boulevard in the market of Golden Beach. The sale price was $22,000,000, and the property encompasses 7,340 square feet with an average price per square foot of $2,997. The property sits on a 0.32-acre lot and includes five bedrooms.

Summary of transaction details:

Key individuals involved in the transaction include the buyer, French Montana, and the seller, Daniel Gonzalez, who is known for his work in the cosmetic surgery industry. The deal was facilitated with the help of representatives, with Jordan Karp acting on behalf of the buyer, while Alejandro Victores and Alexander Goldstein represented the seller in the transaction.

Players

Alexander Goldstein

Miles Goldstein Real Estate

Broker

$281.6M

vol

26 deals

Broker
Amerant Bank
Amerant BankLender

Golden Beach Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93