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10 Venetian Way, Miami Beac...

Mark Silberman Acquires Miami Beach Condo From Ari Kempler For $3.5M
SOLD

Mark Silberman Acquires Miami Beach Condo From Ari Kempler For $3.5M

10 Venetian Way, Miami Beach, FL, USA

$3,500,000

$1,492/SF

Building Size

2,345 SF

Asset Type

Closing

Dec 6, 2021

AI

Located in Miami Beach, the condo at 10 Venetian Way, Unit 2204 was recently sold in a closed transaction. The property, a spacious unit spanning 2,345 square feet, offers a stunning view of the surrounding area. The sale took place on December 6, 2021.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $3,500,000
  • Address: 10 Venetian Way, Unit 2204, Miami Beach
  • Market: Miami Beach

The buyer of the condo was Mark Silberman, while the seller was Ari Kempler. Representing the transaction was Selen Arditi from Compass. The asking price for the property was set at $3,750,000, and it was eventually sold for $3,500,000, indicating a negotiated deal below the initial price.

This transaction highlights the attractive nature of the Miami Beach real estate market, particularly for luxury condos like this one. With its prime location and ample square footage, the property offers a highly desirable living space in a sought-after area. The successful sale demonstrates the expertise and negotiation skills of Selen Arditi from Compass, who facilitated the deal between the buyer and the seller.

Players

Selen Arditi

Compass

Broker

$49.7M

vol

10 deals

Broker

Mark Silberman

Buyer

$13.9M

vol

2 deals

Buyer

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93