Ali Kavoussi Acquires Miami Beach Resi Condo From Lennox Lewis For $1.3M
1000 Venetian Way, Miami Beach, FL, USA
$1,300,000
$710/SF
Building Size
1,830 SF
Asset Type
—
Closing
Jan 13, 2021
About this deal
AI
The property involved in this transaction is a residential condominium located at 1000 Venetian Way in Miami Beach. It was sold on January 14, 2021.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $1,300,000
- Address: 1000 Venetian Way, Miami Beach
- Buyer: Ali Kavoussi - @TheLionsNY
- Seller: Lennox Lewis
- Brokers: Eddy Martínez & Roland Ortiz - One Sotheby’s International Realty
- Square Footage: 1,830
- Price per Square Foot: $710
The buyer of the property is Ali Kavoussi, represented by @TheLionsNY. The seller is Lennox Lewis. The transaction was facilitated by brokers Eddy Martínez and Roland Ortiz from One Sotheby’s International Realty.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $710 per square foot on a published $1.3M for 1,830 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93