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102 24th Street, Miami Beac...

Miami Beach Condo Sold For $5M With Brokers Ivan Chorney, Michael Martirena, And Haydar Alchalaby
SOLD

Miami Beach Condo Sold For $5M With Brokers Ivan Chorney, Michael Martirena, And Haydar Alchalaby

102 24th Street, Miami Beach, FL 33139

$5,000,000

$2,963/SF

Building Size

1,687 SF

Asset Type

Closing

Apr 30, 2020

AI

A 2,092-square-foot condo unit located at 102 24th St Unit 1440 in Miami Beach was recently sold in a closed transaction. The property, situated in the Miami Beach market, was sold on 04/30/2021.

Summary of transaction details:

  • Property Type: Condo
  • Asking Price: $5,195,000
  • Sale Price: $5,000,000
  • Price per Square Foot: $2,390

The deal involved three brokers who represented the parties in the transaction. Ivan Chorney, Michael Martirena, and Haydar Alchalaby played instrumental roles in the sale of the condo.

Brokers involved in the deal:

  • Ivan Chorney - @Ivan_Miamibch
  • Michael Martirena - @Martirena
  • Haydar Alchalaby - @Haydar_Miami

Players

Michael Martirena

Compass

Broker

$317.5M

vol

25 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93