Sivan Erten Of Erten Realty Group Facilitates $1.2M Sale Of Miami Beach Condo Unit
SOLD
$1,200,000
Florida
See Similar DealsCondo1,463 SF
Sold 02/25/2025
SOLD
Sivan Erten Of Erten Realty Group Facilitates $1.2M Sale Of Miami Beach Condo Unit
10 Venetian Way
See Similar DealsCondo1,463 SF
Sold 02/25/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$820
Total Square Footage:1,463 SF
Transaction Type:Sale
The property asset involved in this transaction is a condo located at 10 Venetian Way Unit 902 in the Miami Beach market. The sale price of the property was $1,200,000, encompassing a total of 1,463 square feet, which translates to a price per square foot of $820.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,200,000
- Square Footage: 1,463
- Price per Square Foot: $820
- Address: 10 Venetian Way Unit 902
- Market: Miami Beach
- Buyer's Representative: Sivan Erten - Erten Realty Group
The deal was facilitated by Sivan Erten from Erten Realty Group, who represented the buyer during this transaction, playing a crucial role in the acquisition of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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