Philip Francis & Halley Sullivan Acquire Condo At 1300 Monad Terrace In Miami Beach For $3.9M
1300 Monad Terrace, Miami Beach, FL, USA
$3,900,000
$1,449/SF
Building Size
2,691 SF
Asset Type
Condo
Closing
Nov 15, 2021
About this deal
AI
Located at 1300 Monad Terrace in Miami Beach, this condominium property was recently sold. The transaction took place on November 15, 2021. The condo spans a total interior space of 2,691 square feet, with a price per square foot of $1,449. The total square footage of the unit is 3,825, resulting in a price per square foot of $1,020. The sale price for the property was $3,900,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,900,000
- Interior SF: 2,691
- PPSF (Price per square foot): $1,449
- Total SF: 3,825
- Broker: Reid Heidenry & Marko Gojanovic - ONE Sotheby's International Realty
Philip Francis and Halley Sullivan purchased the condo from the seller, Randy Carver. The deal was facilitated by Reid Heidenry and Marko Gojanovic, brokers from ONE Sotheby's International Realty.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93