Daren Metropoulos Acquires Miami Beach Single Family For $18M
SOLD
$18,000,000
Florida
See Similar DealsSingle Family5,868 SF
Sold 04/09/2021
SOLD
Daren Metropoulos Acquires Miami Beach Single Family For $18M
Miami Beach, FL, USA
See Similar DealsSingle Family5,868 SF
Sold 04/09/2021
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$3,067
Total Square Footage:5,868 SF
Transaction Type:Sale
A single-family property in Miami Beach has been sold for $18,000,000. The property spans 5,868 square feet, resulting in a price per square foot of $3,067. The transaction took place on April 9, 2021. The property is located in the Miami Beach market.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $18,000,000
- Square Footage: 5,868
- Price per Square Foot: $3,067
The buyer of the property is Daren Metropoulos. The seller includes Carolyn Keller, representing EBeauty Community, and Mark Keller, representing Edge Funds. The deal was facilitated by brokers Oren Alexander, Miltiadis Kastanis, and James Hait, who are affiliated with Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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