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
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
13.58%
Cash-on-Cash
-3.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93