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101 20th Street, Miami Beac...

Forrest Ackerman Acquires Miami Beach Condo At 101 20th St For $3,650,000
SOLD

Forrest Ackerman Acquires Miami Beach Condo At 101 20th St For $3,650,000

101 20th Street, Miami Beach, Florida 33139, United States

$3,650,000

$3,009/SF

Building Size

1,213 SF

Asset Type

Closing

Apr 20, 2022

AI

A condominium located at 101 20th St in Miami Beach was recently sold for $3,650,000. The property spans 1,316 square feet and has a price per square foot of $2,774. The sale took place on 04/21/2022 and the buyers were Forrest Ackerman. The sellers were the John Clough Abbott Trust.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $3,650,000
  • Date: 04/21/2022
  • Address: 101 20th St, Miami Beach
  • Market: Miami Beach
  • Square Footage: 1,316
  • Price per Square Foot: $2,774

Forrest Ackerman purchased the property from the John Clough Abbott Trust. Representing the buyer in the transaction were Elke Johnson and Dean Bloch from Douglas Elliman. Denise Leigh from Real Estate Sales Force represented the seller.

Players

Dean Bloch

Douglas Elliman

Broker

$85.1M

vol

11 deals

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

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93