JDS Development Sells Condo At 1300 Monad Terrace In Miami Beach For $6.1M
1300 Monad Terrace, Miami Beach, FL, USA
$6,100,000
$2,266/SF
Building Size
2,691 SF
Asset Type
—
Closing
Apr 13, 2021
AI
The condo located at 1300 Monad Terrace in Miami Beach has been sold in a recent transaction. The sale took place on 04/14/2021 for a total price of $6,100,000. The property, developed by JDS Development, is a condo unit in the building.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,100,000
- Address: 1300 Monad Terrace, Miami Beach
Robert Desmond from Douglas Elliman represented the buyer, while Ann Nortmann, also from Douglas Elliman, represented the seller, JDS Development. These individuals played crucial roles in facilitating the transaction.
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93