Charles M. & Yoke Lan Bolus Acquire Miami Beach Condo On Indian Creek Dr For $1.85M
6000 Indian Creek Drive, Miami Beach, FL 33140
$1,847,500
$710/SF
Building Size
2,600 SF
Asset Type
—
Closing
Apr 15, 2021
AI
A condo located at 6000 Indian Creek Dr Unit 21C in Miami Beach has been sold in a recent transaction. The property, with a total area of 2,600 square feet, was purchased by Charles M. and Yoke Lan Bolus. The sale took place on April 16, 2021, with a sale price of $1,847,500. The condo was previously owned by the Wilson Simons Trust.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,847,500
- Address: 6000 Indian Creek Dr Unit 21C, Miami Beach
- Market: Miami Beach
- Buyer: Charles M. and Yoke Lan Bolus
- Seller: Wilson Simons Trust
- Buyer's Representative: Diana Garayar - Luxe Living Realty
- Seller's Representative: Darin Feldman - Insignia International Properties
- Asking Price: $1,995,000
- Square Footage: 2,600
- Price per Square Foot: $711
Diana Garayar from Luxe Living Realty represented the buyer, Charles M. and Yoke Lan Bolus, in the transaction. Darin Feldman from Insignia International Properties served as the seller's representative.
Players
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
8.59%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93