Jonathan Beason Acquires $2.8M Residential Condo In Miami From Seller Seth Cohen
$2,800,000
SOLD
$2,800,000
Florida
See Similar Deals7,126 SF
Sold 08/11/2020
$2,800,000
SOLD
Jonathan Beason Acquires $2.8M Residential Condo In Miami From Seller Seth Cohen
3470 East Coast Avenue, Miami, FL, USA & 3470 East Coast Avenue, Miami, FL, USA
See Similar Deals7,126 SF
Sold 08/11/2020
Summary
FLORIDA
Price Per Square Foot:$392
Total Square Footage:7,126 SF
Transaction Type:Sale
The property involved in this transaction is a residential condo located at 3470 E Coast Ave - PH in the Miami market. It sold for $2,800,000, encompassing a total area of 3,988 square feet, resulting in a price per square foot of $702.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $2,800,000
- Address: 3470 E Coast Ave - PH
- Market: Miami
- Square Footage: 3,988
- Price per Square Foot: $702
- Seller: Seth Cohen
- Buyer: Jonathan Beason
- Broker Representatives: Lourdes Alatriste, Alatriste Group
Jonathan Beason is the buyer in this transaction, while the seller is Seth Cohen. The deal was facilitated by brokers Lourdes Alatriste and her agency, Alatriste Group, who represented the property during the sale process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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