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1300 Monad Ter

Bahar Bayraktar Purchases Condo At 1300 Monad Terrace For $4,003,777 With Representation From Rick Teed And Jared Robins
SOLDCondo

Bahar Bayraktar Purchases Condo At 1300 Monad Terrace For $4,003,777 With Representation From Rick Teed And Jared Robins

1300 Monad Ter

$4,003,777

$1,604/SF

Building Size

2,496 SF

Asset Type

Condo

Closing

Jan 15, 2025

AI

The property asset involved in the transaction is a condo located at 1300 Monad Terrace Unit 9D in Miami Beach. The condo was sold for a price of $4,003,777, encompassing a total square footage of 2,496, which results in a price per square foot of $1,604.

Summary of transaction details:

Key individuals involved in the deal include the buyer, Bahar Bayraktar, and the seller, MomDad Heirs. The transaction was facilitated by their respective representatives, with Rick Teed from The Agency representing the buyer and Jared Robins from One Sotheby’s International Realty representing the seller.

Players

Jared Robins

One Sotheby’s International Realty

Broker

$17.3M

vol

5 deals

Broker

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

3.96%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93