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:
- Property Type: Condo
- Transaction Amount: $975,000
- Address: 1200 West Avenue, Miami Beach
- Buyer: Jacopo Mentz
- Seller: Christopher Fidater
- Buyer's Rep: Menachem Bar Zohar - Platinum Properties Int'l Inc
- Seller's Rep: Erik Nissani - Lang Realty; Jeffrey Nissani - JSN Properties
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
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
16.27%
Cash-on-Cash
-4.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93