Compass Brokers Haydar Alchalaby, Michael Martirena & Ivan Chorney Acquire Miami Beach Condo For $5.9M
1300 Monad Ter, Miami Beach, Florida 33139, United States
$5,900,000
$2,219/SF
Building Size
2,658 SF
Asset Type
—
Closing
Mar 13, 2022
AI
The sale transaction of a condo at 1300 Monad Terrace in Miami Beach has been completed. The property, with a total area of 2,658 square feet, was sold for $5,900,000. The price per square foot was approximately $2,220.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,900,000
- Address: 1300 Monad Terrace, Miami Beach
Haydar Alchalaby, Michael Martirena, and Ivan Chorney from Compass acted as the brokers in this sale transaction.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93