Updated Oct 29, 2024
Michael J. Rothberg And Jonathan M. Rothberg Acquire SFR In Miami Beach For $23.5M
Miami Beach, FL, USA
$23,500,000
$3,546/SF
Building Size
6,626 SF
Asset Type
Single Family
Closing
Mar 3, 2022
About this deal
AI
Oren Alexander, Jeffrey S. Feinman, Jonathan M. Rothberg, and Julian Johnston have been involved in a recent property transaction in Miami Beach. The property involved in the transaction is a single-family residence (SFR) with a total area of 6,626 square feet. The transaction took place on March 3, 2021.
Summary of transaction details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $23,500,000
- Price per Square Foot: $3,547
Michael J. Rothberg and Jonathan M. Rothberg, representing Ion Torrent and RainDance Technologies, acted as the buyers in this transaction. They purchased the property from Jeffrey S. Feinman, who is associated with DDK & Co. Oren Alexander from Douglas Elliman represented the buyers, while Julian Johnston from The Corcoran Group represented the seller.
Players
Miami Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $3.5K per square foot on a published $23.5M for 6,626 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93