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17111 Biscayne Blvd #1511

The Farbstein Team Acquires Condo On Biscayne Blvd In North Miami Beach For $1.44M
SOLDCo-Op

The Farbstein Team Acquires Condo On Biscayne Blvd In North Miami Beach For $1.44M

17111 Biscayne Blvd #1511

$1,440,000

$784/SF

Building Size

1,836 SF

Asset Type

Co-Op

Closing

Dec 15, 2022

AI

The recently closed property transaction at 17111 Biscayne Blvd in North Miami Beach involved the sale of a condo. The property, spanning 1,836 square feet, was sold for a total price of $1,440,000, resulting in a price per square foot of $784.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,440,000
  • Square Footage: 1,836
  • Address: 17111 Biscayne Blvd, North Miami Beach

Ryan Farbstein and Max Farbstein from The Farbstein Team at Douglas Elliman represented the buyer in this transaction. They facilitated the purchase on behalf of their client, ensuring a smooth and successful deal.

Players

Max Farbstein

Official

Broker

$92.8M

vol

13 deals

Broker

Harrisburg Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.02%

Cash-on-Cash

-3.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93