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125 Jefferson Ave, Miami Be...

Updated Jan 30, 2024

Kenneth & Michelle Saunders Acquire Condo In Miami Beach For $1.9M
SOLD

Kenneth & Michelle Saunders Acquire Condo In Miami Beach For $1.9M

125 Jefferson Ave, Miami Beach, FL, USA

$1,900,000

$1,279/SF

Building Size

1,485 SF

Asset Type

Closing

Jun 3, 2020

About this deal

AI

A condominium located at 125 Jefferson Ave Apt 146 in Miami Beach has been sold in a recent transaction. The property, consisting of a 1,485 square foot unit, was sold for a total price of $1,900,000. The sale took place on June 3, 2021.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,900,000
  • Address: 125 Jefferson Ave Apt 146, Miami Beach
  • Market: Miami Beach
  • Buyer: Kenneth & Michelle Saunders
  • Seller: Ruslan JC Moncada & Gregory T Sica
  • Broker: Vanessa Frank @VanessaFrankMiami - Douglas Elliman
  • Price per Square Foot: $1,279

Vanessa Frank, a representative from Douglas Elliman, played a key role in the transaction. The property was sold at the asking price of $1,900,000, reflecting a price per square foot of $1,279. This successful sale highlights the demand for condos in Miami Beach's real estate market.

Players

Vanessa Frank

Sotheby's International Realty

Broker

$79.4M

vol

15 deals

Broker

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $1.9M for 1,485 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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