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500 Alton Road, Miami Beach...

Five Park Miami Beach Condo Sells For $2.85M With Wendy Sanchez - Charles Rutenberg Brokers
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

$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.

Players

Wendy Sanchez

Charles Rutenberg Realty

Broker

$55.1M

vol

13 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

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93