Josh Harris Acquires Miami Beach Single Family Home For $32.3M
Miami Beach, FL, USA
$32,300,000
$3,436/SF
Building Size
9,400 SF
Asset Type
Single Family
Closing
Jul 23, 2021
AI
A single-family property located in Miami Beach was recently sold for a total price of $32,300,000. The property spans 9,400 square feet, resulting in a price per square foot of $3,436. The transaction took place on July 23, 2021.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $32,300,000
- Square Footage: 9,400
- Price per Square Foot: $3,436
- Seller: Marcelo Claure - Softbank Group International
- Buyer: Josh Harris - Apollo Global Management
Alejandro Diaz Bazan and Danny Hertzberg from the Jills Zeder Group - Coldwell Banker acted as the brokers in this sale. They represented both the buyer, Josh Harris from Apollo Global Management, and the seller, Marcelo Claure from Softbank Group International.
Players
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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93