Lamia Katbi Acquires Condo In Miami For $1.2M
SOLD
$1,221,000
Florida
See Similar DealsCondo1,679 SF
Sold 04/27/2023
SOLD
Lamia Katbi Acquires Condo In Miami For $1.2M
2020 North Bayshore Drive
See Similar DealsCondo1,679 SF
Sold 04/27/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$727
Total Square Footage:1,679 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 2020 North Bayshore Drive in Miami. The condo has a total square footage of 1,594 and was sold for a price of $1,221,000, resulting in a price per square foot of $766.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,221,000
- Address: 2020 North Bayshore Drive, Miami
- Square Footage: 1,594
- Market: Miami
The buyer in this transaction is Lamia Katbi, and the seller is Martin Melo. Lamia Katbi was represented by Amy Pantaleo from Voro Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,119.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,337.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,788.16
Annual Debt Service$69,457.96
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