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1000 Venetian Way #504, Mia...

Paul L. Adams Acquires Condo At 1000 Venetian Way, Venetian For $1.7M
SOLD

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

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.

Players

Bharat Chatani

Broker

$1.7M

vol

1 deal

Broker

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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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