Five Park Miami Beach Condo Sells For $2.85M With Wendy Sanchez - Charles Rutenberg Brokers
SOLD
$2,850,000
Florida
See Similar Deals1,434 SF
Sold 05/06/2022
SOLD
Five Park Miami Beach Condo Sells For $2.85M With Wendy Sanchez - Charles Rutenberg Brokers
500 Alton Road, Miami Beach, Florida 33139, United States
See Similar Deals1,434 SF
Sold 05/06/2022
Summary
FLORIDA
Price Per Square Foot:$1,987
Total Square Footage:1,434 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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