Todd Manganaro Acquires Miami Beach Condo From Stephen & Holly Temes For $6.6M
400 Alton Road, Miami Beach, Florida 33139, United States
$6,600,000
$1,658/SF
Building Size
3,979 SF
Asset Type
—
Closing
Mar 14, 2022
AI
A condo unit located at 400 Alton Rd, Unit 3101 in Miami Beach has been sold for $6,600,000. The property, with a total area of 3,979 square feet, was purchased by Todd Manganaro from Stephen & Holly Temes. The transaction took place on 03/15/2022. The sale was facilitated by brokers Selen Arditi, Ivan Chorney, and Michael Martirena from Compass.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,600,000
- Market: Miami Beach
- Address: 400 Alton Rd, Unit 3101
Selen Arditi, Ivan Chorney, and Michael Martirena from Compass represented both the buyer, Todd Manganaro, and the sellers, Stephen & Holly Temes, in the deal.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93