Oren Alexander & Tal Alexander Acquire Resi Condo @EightySevenPark In Miami Beach For $37M
Eighty Seven Park, 8701 Collins Ave, Miami Beach, FL 33154, USA
$37,000,000
$298/SF
Building Size
124,100 SF
Asset Type
—
Closing
Oct 16, 2020
About this deal
AI
A residential condo located at EightySevenPark in Miami Beach has been sold for a whopping $37,000,000. Spanning across 12,410 square feet, this luxurious property attracted attention in the market. The price per square foot comes to $2,981, indicating the exclusivity and desirability of this asset.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $37,000,000
- Address: EightySevenPark, Miami Beach
- Market: Miami Beach
Represented by the respected brokers Tal Alexander, Oren Alexander, and Douglas Elliman, this sale showcases the expertise and reputation of these professionals in the industry. Their involvement in this successful transaction further solidifies their position as leading representatives in the market.
Players
Miami Beach CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93