Monad Terrace Condo In Miami Beach Sold For $3.16M From Seller Monad Terrace - Michael Stern
1300 Monad Terrace, Miami Beach, FL 33139
$3,162,000
$1,385/SF
Building Size
2,282 SF
Asset Type
Condo
Closing
Oct 22, 2021
AI
The property involved in this transaction is a condo located at 1300 Monad Terrace Unit 9E in Miami Beach. The condo spans 2,282 square feet and was sold for a sale price of $3,162,000. The asking price for the condo was $3,224,000, resulting in a price per square foot of $1,386.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,162,000
- Address: 1300 Monad Terrace Unit 9E, Miami Beach
- Market: Miami Beach
- Seller: Monad Terrace - Michael Stern
- Brokers: Scott Klein - Insignia International Properties; Ann Nortman - Douglas Elliman
The seller of the condo is Monad Terrace, represented by Michael Stern. The brokers involved in the deal are Scott Klein from Insignia International Properties and Ann Nortman from Douglas Elliman.
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
5.02%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93