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
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.
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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93