David Rock Trust Acquires South Of Fifth Condo In Miami Beach
828 3rd St, Miami Beach, Florida 33139, United States
$910,000
$537/SF
Building Size
1,694 SF
Asset Type
—
Closing
Oct 25, 2021
About this deal
AI
The 1,694 square foot condo located at 828 3 St Unit 203 in the South of Fifth area of Miami Beach has been sold. The transaction took place on October 25, 2021.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $910,000
- Asking Price: $939,000
- Price per Square Foot: $537
The buyer of the condo is the David Rock Trust, while the seller is Wendy Richards. The buyer was represented by Hans Kennedy from Compass, and the seller was represented by David Hunt Solomon from Berkshire Hathaway HomeServices EWM Realty.
Please note that no additional details are available regarding this transaction.
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
17.43%
Cash-on-Cash
-4.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93