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.
On the Map
$1,221,000
$727/SF
Condo
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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