Starboard Acquires Miami Beach Condo For $3.76M
400 Alton Road, Miami Beach, FL, USA
$3,760,000
$1,229/SF
Building Size
3,058 SF
Asset Type
—
Closing
Feb 25, 2021
About this deal
AI
A 3,058 square-foot condo located at 400 Alton Road Apt 3203 in Miami Beach has been sold for $3,760,000. The condo, part of the Starboard building, was listed for sale by MG30 and purchased by buyer John Jansheski. The transaction took place on February 26, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,760,000
- Address: 400 Alton Road Apt 3203
- Market: Miami Beach
- Asset Type: Condo
Alyssa Morgan, representing John Jansheski and Starboard, facilitated the purchase as the buyer's representative. Carlos Sifuentes represented the seller. The asking price for the condo was $3,940,000, while the sale price was negotiated to $3,760,000. With a price per square foot of $1,230, this transaction offers an insight into the Miami Beach condo market.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Alyssa Morgan to view all their deals.
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.22%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93