Rogerio De Laurenzio Acquires Condo Unit In Miami Beach From Philip Erdoes For $4M
101 20th Street, Miami Beach, Florida, USA
$4,000,000
$2,518/SF
Building Size
1,588 SF
Asset Type
—
Closing
Oct 25, 2021
About this deal
AI
The property involved in this closed transaction is a Condo Unit located at 101 20th St, Miami Beach, FL. The sale took place on October 26, 2021, with a selling price of $4,000,000. The Condo Unit has a total area of 1,588 square feet, resulting in a price per square foot of $2,519.
Summary of transaction details
- Property Type: Condo Unit
- Transaction Amount: $4,000,000
- Square Footage: 1,588
- Price per Square Foot: $2,519
- Address: 101 20th St, Miami Beach, FL
The buyer in this transaction is Rogerio De Laurenzio, while the seller is Philip Erdoes.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $4M for 1,588 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93