Trinity Southern Sells Miami Beach Condo At 2901 Indian Creek Drive For $4.39M
SOLD
$4,390,000
Florida
See Similar DealsCondo2,385 SF
Sold
SOLD
Trinity Southern Sells Miami Beach Condo At 2901 Indian Creek Drive For $4.39M
2901 Indian Creek Drive
See Similar DealsCondo2,385 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1840
Total Square Footage:2385 SF
Transaction Type:Sale
The property asset involved in this transaction is a condo located at 2901 Indian Creek Drive Units 501 and 502 in the Miami Beach market. The sale price for this property was $4,390,000, encompassing a total square footage of 2,385, which translates to a price per square foot of $1,840.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,390,000
- Address: 2901 Indian Creek Drive Unit 501 + 502
- Market: Miami Beach
- Seller: Trinity Southern
- Broker: Nathan Shore - Douglas Elliman
- Square Footage: 2,385
- Price per Square Foot: $1,840
Nathan Shore, representing Douglas Elliman, facilitated the transaction for the seller, Trinity Southern, in this deal under contract.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,596.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,810.84
Annual Debt Service$249,730.08
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