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
About this deal
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:
- Property Type: Condo
- Transaction Amount: $4,003,777
- Address: 1300 Monad Terrace Unit 9D
- Market: Miami Beach
- Square Footage: 2,496
- Price per Square Foot: $1,604
- Buyer: Bahar Bayraktar
- Seller: MomDad Heirs
- Buyer's Representative: Rick Teed - The Agency
- Seller's Representative: Jared Robins - One Sotheby’s International Realty
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
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $4M for 2,496 square feet (2025).
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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