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
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