Jason Zarco & Matthew Dugow Facilitate $6M Condo Sale In Miami Beach
SOLD
$6,000,000
Florida
See Similar DealsCondo4,252 SF
Sold 05/09/2024
SOLD
Jason Zarco & Matthew Dugow Facilitate $6M Condo Sale In Miami Beach
1000 Venetian Way
See Similar DealsCondo4,252 SF
Sold 05/09/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,411
Total Square Footage:4,252 SF
Transaction Type:Sale
The property involved in the transaction is a condo located at 1000 Venetian Way, Miami Beach. The sale price for this asset was $6,000,000, with a total square footage of 4,252 square feet, resulting in a price per square foot of $1,411.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,000,000
- Address: 1000 Venetian Way, Miami Beach
- Square Footage: 4,252 SF
- Price Per Square Foot: $1,411
- Buyer's Rep: Jason Zarco - Berkshire Hathaway HomeServices EWM Realty
- Seller's Rep: Matthew Dugow - Compass
The deal's key individuals involved in this transaction were Jason Zarco representing the buyer from Berkshire Hathaway HomeServices EWM Realty and Matthew Dugow representing the seller from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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