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
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