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Miami Beach, FL, USA

Daren Metropoulos Acquires Miami Beach Single Family For $18M
SOLDSingle Family

Daren Metropoulos Acquires Miami Beach Single Family For $18M

Miami Beach, FL, USA

$18,000,000

$3,067/SF

Building Size

5,868 SF

Asset Type

Single Family

Closing

Apr 9, 2021

AI

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.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker

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

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93