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
$2,800,000
$392/SF
Building Size
7,126 SF
Asset Type
—
Closing
Aug 10, 2020
AI
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.
Players
Miami 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93