Compass Realty Acquires Condo At 102 24th Street Unit 1440 In Miami Beach For $4.95M
102 24th Street, Miami Beach, FL, USA
$4,950,000
$2,366/SF
Building Size
2,092 SF
Asset Type
—
Closing
Apr 30, 2021
About this deal
AI
The property involved in this transaction is a condo located at 102 24th Street Unit 1440 (One Hotel) in Miami Beach. The sale took place on 04/30/2021. The condo spans 2,092 square feet and was sold at a price of $4,950,000, resulting in a price per square foot of $2,366.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,950,000
- Address: 102 24th Street Unit 1440 (One Hotel), Miami Beach
- Market: Miami Beach
- Seller Representative: Tal Alexander & Oren Alexander - AlexanderTeam @DouglasElliman
- Buyer Representative: Michael Martirena - Compass Realty
The seller representative for this transaction was Tal Alexander and Oren Alexander from AlexanderTeam at DouglasElliman. The buyer representative was Michael Martirena from Compass Realty.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93