Scott Klein & Sildy Cervera Acquire Condo At 450 Alton Road In Miami Beach For $2.025M
450 Alton Road, Miami Beach, FL 33139, USA
$2,025,000
$1,115/SF
Building Size
1,815 SF
Asset Type
—
Closing
Apr 29, 2021
AI
A condon on 450 Alton Road in Miami Beach has been sold in a recent transaction. The property, which has a square footage of 1,815, was sold for a sale price of $2,025,000. The asking price for the property was $2,225,000, resulting in a price per square foot of $1,116. The transaction took place on April 30, 2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,025,000
- Square Footage: 1,815
- Price per Square Foot: $1,116
- Address: 450 Alton Road, Miami Beach
Scott Klein of Insignia International Properties represented the buyer in the deal, while Sildy Cervera of Cervera Real Estate represented the seller. Both brokers played crucial roles in facilitating the transaction and ensuring a successful sale.
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
7.83%
Cash-on-Cash
-2.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93