Monaco Yacht Club Sells Condo At 6800 Indian Creek Dr, Miami Beach For $1.05M
6800 Indian Creek Drive
$5,800,000
Building Size
—
Asset Type
Commercial
Closing
Jun 7, 2022
AI
The condominium located at 6800 Indian Creek Dr in Miami Beach has been sold in a recent transaction. The property, owned by Monaco Yacht Club and developed by Optimum Development USA, was listed by Samar Abul from Villazzo LLC.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $1,055,000
- Square Footage: 918
- Price per Square Foot: $1,149
This sale was finalized on 07/19/2022, as confirmed by the transaction date. The property's address, 6800 Indian Creek Dr, Miami Beach, makes it an attractive investment opportunity.
Notable individuals in this deal include Samar Abul, who represented the seller, Monaco Yacht Club, and Optimum Development USA. Samar Abul acted as the broker for this transaction.
Players
Miami Beach Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93