Banna Fakhoury Of One Sotheby’s International Realty Represents Buyer In $6M Miami Condo Sale
SOLD
Florida
See Similar DealsCondo2,623 SF
Sold 12/30/2026
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,287
Total Square Footage:2,623 SF
Transaction Type:Sale
A condo located in Miami has been successfully sold for $6,000,000. The property spans 2,623 square feet, resulting in a price per square foot of $2,287.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,000,000
- Square Footage: 2,623
- Price per Square Foot: $2,287
- Buyer's Representative: Banna Fakhoury - One Sotheby’s International Realty
- Seller's Representative: John Wilson - Douglas Elliman
- Date of Transaction: 12/30/2026
The transaction was facilitated swiftly, with the contract reaching closure in less than 7 days during the holiday season, as noted by the buyer's representative, marking a record-breaking timeframe for such a deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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