Douglas Elliman Broker Devin Kay Sells Miami Beach Condo For $21M
6300 North Bay Road, Miami Beach, Florida 33141, United States
$21,000,000
$2,704/SF
Building Size
7,765 SF
Asset Type
—
Closing
Jan 30, 2022
About this deal
AI
A condominium located at 6300 N Bay Road in Miami Beach has been sold for $21,000,000. The property spans 7,765 square feet and has a price per square foot of $2,704. It was listed by broker Devin Kay from Douglas Elliman.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $21,000,000
- Square Footage: 7,765
- Price per Square Foot: $2,704
- Address: 6300 N Bay Road, Miami Beach
- Market: Miami Beach
Devin Kay from Douglas Elliman represented the seller in this transaction.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2.7K per square foot on a published $21M for 7,765 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93