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
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93