One Sotheby's International Realty Acquires Miami Beach Condo For $9.9M
SOLD
$9,900,000
Florida
See Similar Deals2,807 SF
Sold 01/03/2022
SOLD
One Sotheby's International Realty Acquires Miami Beach Condo For $9.9M
1300 Monad Terrace, Miami Beach, FL 33139
See Similar Deals2,807 SF
Sold 01/03/2022
Summary
FLORIDA
Price Per Square Foot:$3,526
Total Square Footage:2,807 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$528,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,172.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,931.05
Annual Debt Service$563,172.61
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