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1300 Monad Terrace, Miami B...

Updated Sep 9, 2024

One Sotheby's International Realty Acquires Miami Beach Condo For $9.9M
SOLD

One Sotheby's International Realty Acquires Miami Beach Condo For $9.9M

1300 Monad Terrace, Miami Beach, FL 33139

$9,900,000

$3,526/SF

Building Size

2,807 SF

Asset Type

—

Closing

Jan 3, 2022

About this deal

AI

A condo located at 1300 Monad Terrace PHF in Miami Beach has been sold for $9,900,000. The property spans 2,807 square feet and has a price per square foot of $3,527. The sale took place on January 3, 2022.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $9,900,000
  • Square Footage: 2,807
  • Price Per Square Foot: $3,527
  • Address: 1300 Monad Terrace PHF, Miami Beach
  • Market: Miami Beach

Jaime Blatt from One Sotheby's International Realty represented the buyer in this transaction. Dina Goldentayer from Douglas Elliman represented the seller. Both parties were key individuals involved in the deal.

On the Map

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$9,900,000

$3,526/SF

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Players

Dina Goldentayer

Douglas Elliman

Broker

$2B

vol

104 deals

Broker
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Miami Beach CRE Market Snapshot

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Deal FAQ

About $3.5K per square foot on a published $9.9M for 2,807 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.60%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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