Updated Oct 29, 2024
93 Palm Residence LLC Acquires Miami Beach Single Family Property For $15.5M
Miami Beach, FL, USA
$15,500,000
$2,064/SF
Building Size
7,507 SF
Asset Type
Single Family
Closing
Sep 24, 2021
About this deal
AI
A single-family property located in Miami Beach has been sold for a price of $15,500,000. The property spans across 7,507 square feet, resulting in a per square foot price of $2,065. The transaction took place on September 24, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $15,500,000
- Market: Miami Beach
- Size: 7,507 square feet
The buyer of the property is 93 Palm Residence LLC. Representing the buyer in the transaction was Nelson Gonzalez from BHHS EWM Realty.
Notably, the property was previously owned by the notorious gangster Al Capone.
Miami 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93