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

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SOLD
$2,025,000

Florida

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1,815 SF
Sold
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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

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1,815 SF
Sold
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Summary

FLORIDA
Price Per Square Foot:$1115
Total Square Footage:1815 SF
Transaction Type:Sale

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
10 deals$41.5M volume
BROKER

Sildy Cervera
Cervera Real Estate
2 deals$10M volume
BROKER

Details

SOLD
IMAGE: Scott Klein & Sildy Cervera DATE: 04/30/2021 ADDRESS: 450 Alton Road MARKET: Miami Beach ASSET TYPE: Condo BUYER'S REP: Scott Klein - Insignia International Properties SELLER'S REP: Sildy Cervera - Cervera Real Estate ASKING PRICE: $2,225,,000 SALEPRICE: $2,025,000 SF: 1,815 ~ PPSF: $1,116

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$108,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,194.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,599.53
Annual Debt Service$115,194.40