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1300 Monad Terrace, Miami B...

Monad Terrace Condo Sold In Miami Beach For $2.85M With Broker Representation By Alyssa Morgan Jansheski & Ann Nortman
SOLD

Monad Terrace Condo Sold In Miami Beach For $2.85M With Broker Representation By Alyssa Morgan Jansheski & Ann Nortman

1300 Monad Terrace, Miami Beach, FL 33139

$2,850,000

$1,015/SF

Building Size

2,807 SF

Asset Type

Closing

Aug 24, 2021

AI

The condo located at 1300 Monad Terrace in Miami Beach has been sold for $2,850,000. The property spans across 2,282 square feet, resulting in a price per square foot of $1,249.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,850,000
  • Address: 1300 Monad Terrace, Miami Beach
  • Market: Miami Beach

The seller of the condo was Monad Terrace. The deal was facilitated by two brokers, Alyssa Morgan Jansheski from The Jills Zeder Group - Coldwell Banker, and Ann Nortman from Douglas Elliman.

Players

Dina Goldentayer

Douglas Elliman

Broker

$1.6B

vol

92 deals

Broker
MT
Monad TerraceSeller

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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93