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Mickey Drexler's Outdoor Voices Acquires Miami Beach Single Family For $16.5M
SOLDSingle Family

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

Pablo Alfaro

Douglas Elliman

Broker

$242.2M

vol

13 deals

Broker

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