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20 Northeast 11th Street

John Morgan Acquires Miami Condo From Marc Roberts For $3.7M
SOLDCondo

John Morgan Acquires Miami Condo From Marc Roberts For $3.7M

20 Northeast 11th Street

$3,700,000

$1,635/SF

Building Size

2,262 SF

Asset Type

Condo

Closing

Sep 22, 2023

AI

The property involved in this transaction is a condo located at 20 Northeast 11th Street in Miami. The condo has a total square footage of 2,262 and was sold at a price of $3,700,000. The asking price for the condo was $3,733,000, making the sale price slightly lower. The price per square foot for the condo is $1,636.

Summary of Transaction Details

  • Property Type: Condo
  • Transaction Amount: $3,700,000
  • Address: 20 Northeast 11th Street
  • Market: Miami
  • Square Footage: 2,262
  • Asking Price: $3,733,000
  • Price Per Square Foot: $1,636

The buyer in this transaction is John Morgan, while the seller is Marc Roberts. The brokers involved in the deal are Justin Knops from Knops & Morgan Realty Holdings Corporation. Justin Knops represented the buyer and seller's interests in the transaction.

Players

Justin Knops

The Agency

Broker

$9.3M

vol

4 deals

Broker

Marc Roberts

Seller

$351M

vol

6 deals

Seller

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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93