Paul L. Adams Acquires Condo At 1000 Venetian Way, Venetian For $1.7M
1000 Venetian Way #504, Miami, FL 33130
$1,700,000
$1,000/SF
Building Size
1,700 SF
Asset Type
—
Closing
Nov 24, 2021
About this deal
AI
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.
On the Map
$1,700,000
$1,000/SF
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Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1K per square foot on a published $1.7M for 1,700 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93