facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

1200 West Avenue

Jacopo Mentz Buys Condo From Christopher Fidater In Miami Beach For $975,000
SOLDCondo

Jacopo Mentz Buys Condo From Christopher Fidater In Miami Beach For $975,000

1200 West Avenue

$975,000

$795/SF

Building Size

1,226 SF

Asset Type

Condo

Closing

Apr 17, 2024

AI

The property at 1200 West Avenue in Miami Beach, a condo with 1,226 square feet, was sold for $975,000. The transaction took place on 04/17/2024, with the buyer being Jacopo Mentz and the seller identified as Christopher Fidater. The buyer was represented by Menachem Bar Zohar from Platinum Properties Int'l Inc, while the seller's representatives were Erik Nissani from Lang Realty and Jeffrey Nissani from JSN Properties. The asking price for this condo was $1,000,000, making the final sale price $25,000 below the initial asking price, at $795 per square foot.

Summary of transaction details:

Erik Nissani and Jeffrey Nissani, along with Bar Zohar, played critical roles in facilitating the successful sale of the condo at 1200 West Avenue. This transaction showcased effective negotiation skills, resulting in a final sale price lower than the initial asking price, providing value to both the buyer and the seller. The involvement of reputable real estate professionals underscores the importance of having experienced representatives in property transactions, ensuring a smooth and mutually beneficial deal for all parties involved.

Players

Erik Nissani

Lang Realty

Broker

$7.3M

vol

6 deals

Broker

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.27%

Cash-on-Cash

-4.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93