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6000 Indian Creek Drive, Mi...

Insignia International Properties Represents Buyer In $1.14M Sale Of Miami Beach Condo
SOLD

Insignia International Properties Represents Buyer In $1.14M Sale Of Miami Beach Condo

6000 Indian Creek Drive, Miami Beach, FL 33140, USA

$1,140,000

$438/SF

Building Size

2,600 SF

Asset Type

Closing

Mar 4, 2021

AI

A condo located at 6000 Indian Creek Drive in Miami Beach has been sold in a recent transaction. The property spans approximately 2,600 square feet and was sold for a sale price of $1,140,000. The asking price for the condo was $1,295,000, resulting in a price per square foot of $438.

Summary of transaction details:

  • Property Type: Condo
  • Sale Price: $1,140,000
  • Asking Price: $1,295,000
  • Square Footage: 2,600
  • Price per Square Foot: $438

Darin Feldman from Insignia International Properties represented the buyer in the transaction, while Allen Davoudpour from Compass represented the seller.

Players

Darin Feldman

Broker

$125M

vol

12 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

13.91%

Cash-on-Cash

-3.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93