Miami Beach Condo At 1300 Monad Terrace 3A Sells For $7.85M With Brokers Dora Puig & Ivan Madera
SOLD
$7,850,000
Florida
See Similar DealsCondo3 SF
Sold 04/11/2022
SOLD
Miami Beach Condo At 1300 Monad Terrace 3A Sells For $7.85M With Brokers Dora Puig & Ivan Madera
1300 Monad Ter, Miami Beach, Florida 33139, United States
See Similar DealsCondo3 SF
Sold 04/11/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,616,666
Total Square Footage:3 SF
Transaction Type:Sale
1300 Monad Terrace 3A, a condo located in Miami Beach, was recently sold for $7,850,000. Covering a spacious area of 3302 square feet, this property offers a price per square foot of $2,377. The sale of this condo was finalized on November 4, 2022.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,850,000
- Address: 1300 Monad Terrace 3A
- Market: Miami Beach
- Broker 1: Dora Puig - Luxe Living Realty
- Broker 2: Ivan Madera - Fortune Christie's International Real Estate
Dora Puig from Luxe Living Realty and Ivan Madera from Fortune Christie's International Real Estate facilitated this transaction, representing the respective parties involved. This successful deal showcases the expertise and professionalism of these brokers in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$418,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,889.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,213.00
Annual Debt Service$446,556.06
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