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
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