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
$7,850,000
$2,616,666/SF
Building Size
3 SF
Asset Type
Condo
Closing
Apr 11, 2022
AI
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.
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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93