Justen Alias Of Coldwell Banker Sells Miami Beach Condo For $1.6M
220 21st Street, Miami Beach, Florida 33139, United States
$1,600,000
$1,208/SF
Building Size
1,324 SF
Asset Type
—
Closing
May 5, 2022
About this deal
AI
A condominium located at 220 21st St in Miami Beach has been sold for a price of $1,600,000. The property spans a total area of 1,324 square feet, resulting in a price per square foot of $1,208. The sale took place on May 6, 2022. The transaction was facilitated by broker Justen Alias from Coldwell Banker.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,600,000
- Square Footage: 1,324
- Price per Square Foot: $1,208
Justen Alias, a broker from Coldwell Banker, played a key role in this transaction. He specializes in athlete relocation, sports and entertainment relocation, and nationwide relocation. Justen and his network have access to luxury houses, condos, and condo hotels. For more information, visit www.movingmiamifl.com and www.nexusrelo.com.
Players
Miami Beach CRE Market Snapshot
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Deal FAQ
About $1.2K per square foot on a published $1.6M for 1,324 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93