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.
Miami Beach CRE Market Snapshot
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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