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450 Alton Road, Miami Beach...

Scott Klein & Sildy Cervera Acquire Condo At 450 Alton Road In Miami Beach For $2.025M
SOLD

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

Scott Klein

Insignia International Properties

Broker

$41.5M

vol

10 deals

Broker

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