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6800 Indian Creek Drive

Monaco Yacht Club Sells Condo At 6800 Indian Creek Dr, Miami Beach For $1.05M
SOLDCommercial

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

Samar Abul

Broker

$7.5M

vol

2 deals

Broker

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