Deep Instinct Acquires $26M Venetian Islands Single Family Property In Miami Beach
70 West San Marino Drive
$26,000,000
$3,823/SF
Building Size
6,800 SF
Asset Type
Single Family
Closing
Dec 20, 2022
AI
The property involved in this transaction is a single family home located at 70 West San Marino Drive in the Venetian Islands of Miami Beach. It sits on 0.2 acres of land. The sale took place on 20th December 2022.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $26,000,000
- Square Footage: 6,800
- Price per Square Foot: $3,824
- Address: 70 West San Marino Drive
- Market: Venetian Islands, Miami Beach
The buyer in this transaction is Deep Instinct, represented by Lane Bess. The seller is Barry Brodsky. Abraham Ash from Multivest Realty served as the buyer's representative, while Jill Hertzberg from The Jills Zeder Group - Coldwell Banker Realty acted as the seller's representative.
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93