Mickey Drexler's Outdoor Voices Acquires Miami Beach Single Family For $16.5M
$16,500,000
$2,312/SF
Building Size
7,135 SF
Asset Type
Single Family
Closing
Sep 2, 2021
AI
An impressive single-family property in Miami Beach has been sold for a whopping $16,500,000. The property spans over 7,135 square feet and boasts a prime location in the desirable market of Miami Beach. Situated on a spacious lot measuring 16,823 square feet, this property offers ample space both indoors and outdoors for its new owner, Mickey Drexler.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $16,500,000
- Square Footage: 7,135
- Price per Square Foot: $2,313
- Lot Square Footage: 16,823
Mickey Drexler, the prominent figure behind Outdoor Voices, has made this significant acquisition. As the buyer, Drexler has secured a remarkable property in Miami Beach, adding to his notable real estate portfolio. The sellers, Abbey & Helene Berkowitz, have parted ways with this exceptional property, entrusting its ownership to the iconic Drexler. The deal was facilitated by Pablo Alfaro, a skilled broker from Douglas Elliman, who played a pivotal role in this 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93