Keit Jordan Acquires Condo In Miami Beach For $1.32M With Uri Redler & Yaacov Poston - The Real Estate Lab Inc
110 Washington Avenue, Miami Beach, Florida 33139, United States
$1,320,000
$679/SF
Building Size
1,943 SF
Asset Type
—
Closing
Feb 14, 2022
About this deal
AI
Located in Miami Beach, the property at 110 Washington Ave has been sold in a recent transaction. The condo, spanning 1,943 square feet, was purchased by Keit Jordan for a total price of $1,320,000. The sale was facilitated by brokers Uri Redler and Yaacov Poston from The Real Estate Lab Inc. The seller of the property was Irving Shechtman.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,320,000
- Address: 110 Washington Ave
- Market: Miami Beach
Uri Redler and Yaacov Poston, representing The Real Estate Lab Inc, played a crucial role in brokering the deal. Their expertise and negotiation skills ensured a successful transaction. It is worth noting that the price per square foot for this property stands at $679.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $679 per square foot on a published $1.3M for 1,943 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93