Jordan M. Cohen Purchases Condo At 1413 Sunset Drive Miami Beach For $2.5M
1413 Sunset Drive
$2,500,000
$947/SF
Building Size
2,640 SF
Asset Type
Condo
Closing
May 13, 2025
AI
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.
Players
Miami 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93