Jordan Karp Of Jordan Karp LLC Represents Buyer In Sale Of Miami Beach Condo For $12M
1300 Monad Ter
$12,000,000
$2,786/SF
Building Size
4,306 SF
Asset Type
Condo
Closing
Aug 17, 2026
About this deal
AI
The property asset involved in this transaction is a condo located at 1300 Monad Ter Penthouse E in Miami Beach. The condo was sold for $12,000,000, encompassing a total area of 4,306 square feet, resulting in a price per square foot of $2,786.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,000,000
- Address: 1300 Monad Ter Penthouse E
- Market: Miami Beach
- Square Footage: 4,306
- Price per Square Foot: $2,786
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representative: Isaac Lustgarten - The Corcoran Group
This transaction involved key individuals representing both parties. Jordan Karp acted as the representative for the buyer, while Isaac Lustgarten represented the seller in this condo sale. Their respective agencies, Jordan Karp LLC and The Corcoran Group, facilitated the deal.
On the Map
$12,000,000
$2,786/SF
Condo
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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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93