facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

All

/

Sale

/

1100 West Avenue, Miami Bea...

Jonathan Newberg Acquires South Beach Condo From Siavash Aghaiepour For $1.16M
SOLD

Jonathan Newberg Acquires South Beach Condo From Siavash Aghaiepour For $1.16M

1100 West Avenue, Miami Beach, FL 33139, USA

$1,168,000

$540/SF

Building Size

2,160 SF

Asset Type

Closing

Aug 10, 2020

AI

Located at 1100 West Ave in South Beach, Miami Beach, this condo was recently sold in a closed transaction. The property features a total of 3 units, with a price per unit (PPU) of $389,333. The spacious condo spans 2,160 square feet and has a price per square foot (PPSF) of $541. The sale price for this transaction was $1,168,000.

Summary of transaction details:

  • Property Type: Condo
  • Sale Price: $1,168,000
  • Units: 3
  • Price per Unit (PPU): $389,333
  • Square Footage: 2,160
  • Price per Square Foot (PPSF): $541

The buyer for this transaction was Jonathan Newberg, while the seller was Siavash Aghaiepour. Shani Ben-Hanania represented the buyer as their broker in this deal.

Players

Shani Heskiel

Beachfront Realty

Broker

$74.5M

vol

6 deals

Broker

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.58%

Cash-on-Cash

-3.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93