Lamia Katbi Acquires Condo In Miami For $1.2M
2020 North Bayshore Drive
$1,221,000
$727/SF
Building Size
1,679 SF
Asset Type
Condo
Closing
Apr 27, 2023
About this deal
AI
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.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $727 per square foot on a published $1.2M for 1,679 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.99%
Cash-on-Cash
-3.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93