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1021 N Venetian Dr, Miami B...

Updated Dec 19, 2023

Douglas Elliman Represents $8M SFR Sale On N. Venetian Drive In Miami
SOLDSingle Family Residence

Douglas Elliman Represents $8M SFR Sale On N. Venetian Drive In Miami

1021 N Venetian Dr, Miami Beach, Fl 33139, Usa

$8,000,000

$1,355/SF

Building Size

5,902 SF

Asset Type

Single Family Residence

Closing

Nov 9, 2020

About this deal

AI

Located at 1021 N. Venetian Drive in Miami, this single-family residential property was recently sold for a price of $8,000,000. The transaction took place on 11/10/2020.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $8,000,000
  • Market: Miami

The buyer's representative in this deal was Alan Gabay from Douglas Elliman. On the other hand, the seller's representatives were Bragi Sigurdsson and Carlos M. Arocha, who are part of the Douglas Elliman team known as The.SigurdssonTeam.

The single family residence sale at 1021 N Venetian Dr, Miami Beach, Fl 33139, Usa in Miami Beach, New York sold for $8M in 2020. The building is 5,902 square feet, implying about 1.4K per square foot on the published price. Carlos Arocha, Bragi Sigurdsson, Alan Gabay, Douglas Elliman appear on the sale alongside Douglas Elliman. This page is the Miami Beach, New York file for the 1021 N Venetian Dr, Miami Beach, Fl 33139, Usa single family residence sold: pricing, party profiles, and other closed single family residence comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach single family residence set by closing date to see what else sold near 1021 N Venetian Dr, Miami Beach, Fl 33139, Usa around 2020. Published consideration for 1021 N Venetian Dr, Miami Beach, Fl 33139, Usa is $8M, dated 2020. Cite this Douglas Elliman Represents $8M SFR Sale On N. Venetian Drive In Miami sale when underwriting similar single family residence product around Miami Beach, New York.

Players

Carlos Arocha

Douglas Elliman

Broker

$8M

vol

1 deal

Broker

Miami Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $8M for 5,902 square feet (2020).

Visit Alan Gabay to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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