Jordan M. Cohen Purchases Condo At 1413 Sunset Drive Miami Beach For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsCondo2,640 SF
Sold 05/14/2025
SOLD
Jordan M. Cohen Purchases Condo At 1413 Sunset Drive Miami Beach For $2.5M
1413 Sunset Drive
See Similar DealsCondo2,640 SF
Sold 05/14/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$947
Total Square Footage:2,640 SF
Transaction Type:Sale
The transaction involves a condominium located at 1413 Sunset Drive in the Miami Beach market. The sale price for this property was $2,500,000, with a total square footage of 2,640, equating to a price per square foot of $946.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,500,000
- Address: 1413 Sunset Drive
- Market: Miami Beach
- Square Footage: 2,640
- Price Per Square Foot: $946
- Buyer: Jordan M. Cohen
- Buyer's Representative: Simone Weissman Stein & Nancy Batchelor - Compass
- Seller's Representative: Julian Johnston - The Corcoran Group
The deal featured the involvement of buyer Jordan M. Cohen, who was represented by Simone Weissman Stein and Nancy Batchelor from Compass. Julian Johnston from The Corcoran Group represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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