Jason Zarco & Matthew Dugow Facilitate $6M Condo Sale In Miami Beach
1000 Venetian Way
$6,000,000
$1,411/SF
Building Size
4,252 SF
Asset Type
Condo
Closing
May 9, 2024
AI
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.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93