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429 Lenox Ave, Miami Beach,...

429 Lenox Ave
FINANCED

429 Lenox Ave

429 Lenox Ave, Miami Beach, FL, 33139

$23,000,000

Building Size

Asset Type

Closing

Nov 20, 2023

AI

No summary available.

Players

Maxx Carney

Bellwether Enterprise (BWE)

Broker

$987M

vol

20 deals

Broker
Granite Point Mortgage Trust
Granite Point Mortgage TrustLender

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93