Tina & Matt Ahmeti Acquire Condo In South Of Fifth, Miami Beach For $2.9M
450 Alton Road
$2,925,000
$1,355/SF
Building Size
2,158 SF
Asset Type
Co-Op
Closing
Oct 27, 2022
About this deal
AI
The property involved in this closed transaction is a condo located at 450 Alton Rd in the South Of Fifth neighborhood of Miami Beach. The sale took place on October 27, 2022.
Summary of transaction details:
- Property Type: Condo
- Sale Price: $2,925,000
- Square Footage: 2,158
- Price per Square Foot: $1,355
The buyers of the property are Tina & Matt Ahmeti. They were represented by Adrian Burke from One Sotheby's International Realty. The seller's representative in the deal is Laurent Benzaquen.
Players
Miami Beach 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
5.42%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93