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.
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