Paul L. Adams Acquires Condo At 1000 Venetian Way, Venetian For $1.7M
SOLD
$1,700,000
Florida
See Similar Deals1,700 SF
Sold 11/24/2021
SOLD
Paul L. Adams Acquires Condo At 1000 Venetian Way, Venetian For $1.7M
1000 Venetian Way #504, Miami, FL 33130
See Similar Deals1,700 SF
Sold 11/24/2021
Summary
FLORIDA
Price Per Square Foot:$1,000
Total Square Footage:1,700 SF
Transaction Type:Sale
A condo located at 1000 Venetian Way in Venetian has been sold in a recent transaction. The property was sold on November 24, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,700,000
- Address: 1000 Venetian Way, Venetian
The buyer of the property is Paul L. Adams. The sale was facilitated by brokers Bharat Chatani, Seth Semilof, and Kamal Hotchadani from HL Real Estate Group, along with Miltiadis Kastanis from Douglas Elliman.
The property was listed with an asking price of $1,700,000 and was ultimately sold for the same amount. The condo spans approximately 1,700 square feet, resulting in a price per square foot of $1,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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