SOLDCondo
Banna Fakhoury Of One Sotheby’s International Realty Represents Buyer In $6M Miami Condo Sale
$6,000,000
$2,287/SF
Building Size
2,623 SF
Asset Type
Condo
Closing
Dec 29, 2026
AI
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.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93