Monaco Yacht Club Sells Condo At 6800 Indian Creek Dr, Miami Beach For $1.05M
SOLD
$5,800,000
Florida
See Similar DealsCommercial
Sold 06/07/2022
SOLD
Monaco Yacht Club Sells Condo At 6800 Indian Creek Dr, Miami Beach For $1.05M
6800 Indian Creek Drive
See Similar DealsCommercial
Sold 06/07/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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