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Jills Zeder Group Acquires Single Family Property In Miami Beach For $75M

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SOLD
$75,000,000

National

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Sold 12/20/2021
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Property Image
SOLD

Jills Zeder Group Acquires Single Family Property In Miami Beach For $75M

Sold 12/20/2021
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Summary

Transaction Type:Sale

A single-family property located in Miami Beach has been sold in a closed transaction. The property spans approximately 1.85 acres and has a total area of 14,785 square feet. The sale took place on December 20, 2021, with a sale price of $75,000,000 and a price per square foot of $5,073.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $75,000,000
  • Market: Miami Beach
  • Asset Type: Single Family
  • Acres: 1.85

Jill Eber from Jills Zeder Group - Coldwell Banker Realty represented the buyer in this transaction. Elizabeth Lima from Berkshire Hathaway HomeServices Florida Realty represented the seller, Lourdes Sanjenis.

Players

Jill Eber
45 deals$1.1B volume
BROKER

Elizabeth Lima
Berkshire Hathaway HomeServices
1 deal$75M volume
BROKER

Details

SOLD
IMAGE: Jill Eber & Elizabeth Lima DATE: 12/20/2021 MARKET: Miami Beach ASSET TYPE: Single Family ~ ACRES: 1.85 SELLER: Lourdes Sanjenis BUYER'S REP: Jill Eber - Jills Zeder Group - Coldwell Banker Realty SELLER'S REP: Elizabeth Lima - Berkshire Hathaway HomeServices Florida Realty SALE PRICE: $75,000,000 SF: 14,785 ~ PPSF: $5,073

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,000,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$266,459.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$355,538.26
Annual Debt Service$4,266,459.16