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
About this deal
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.
On the Map
$3,500,000
$1,492/SF
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Miami Beach CRE Market Snapshot
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Deal FAQ
About $1.5K per square foot on a published $3.5M for 2,345 square feet (2021).
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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