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1330 West Avenue

Donald Bernstein Acquires Condo In Miami Beach For $1.4M
SOLDCondo

Donald Bernstein Acquires Condo In Miami Beach For $1.4M

1330 West Avenue

$1,400,000

$1,109/SF

Building Size

1,262 SF

Asset Type

Condo

Closing

May 3, 2023

AI

The recently closed property transaction in Miami Beach involved a condominium located at 1330 West Avenue. The condo spans 1,262 square feet and was sold at a price of $1,400,000, equating to a price per square foot of $1,109. The buyer, Donald Bernstein, purchased the property from the seller, Anne Manning.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,400,000
  • Address: 1330 West Avenue
  • Market: Miami Beach

The buyer, Donald Bernstein, was represented by Jeffrey Nissani and Erik Nissani from The Nissani Twins. On the other side, the seller, Anne Manning, was represented by Lisa Van Wagenen from Brown Harris Stevens. It's worth noting that Jeffrey Nissani and Erik Nissani boast over 40 years of combined experience in residential and commercial real estate, with a track record of more than $400 million in closed transactions. Their expertise and extensive network in NYC, Miami, and Boca make them the ideal choice for all real estate requirements.

For any further inquiries about real estate needs, interested parties can reach out to Jeffrey Nissani (@jeffnissani) or Erik Nissani (@eriknissani).

Players

Erik Nissani

Lang Realty

Broker

$7.3M

vol

6 deals

Broker

Market 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93