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1300 Monad Terrace, Miami B...

JDS Development Sells Condo At 1300 Monad Terrace In Miami Beach For $6.1M
SOLD

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

Dina Goldentayer

Douglas Elliman

Broker

$1.6B

vol

92 deals

Broker
JDS Development Group
JDS Development GroupSeller

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