Five Park Miami Beach Condo Sells For $2.85M With Wendy Sanchez - Charles Rutenberg Brokers
500 Alton Road, Miami Beach, Florida 33139, United States
$2,850,000
$1,987/SF
Building Size
1,434 SF
Asset Type
—
Closing
May 5, 2022
AI
A condo unit located at 500 Alton Rd in Miami Beach has been sold for $2,850,000. The property, known as Five Park Miami, is part of a luxury condominium development. It spans 1,434 square feet, with a price per square foot of $1,987. Wendy Sanchez from Charles Rutenberg represented the seller, Five Park, in this transaction.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,850,000
- Address: 500 Alton Rd, Miami Beach
- Market: Miami Beach
Wendy Sanchez, a representative from Charles Rutenberg, played a key role in the deal as the seller's broker. The sale of this condo unit in Five Park Miami marks a significant transaction in the Miami Beach market.
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93