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3470 East Coast Avenue, Mia...

London Foster Realty Acquires Midtown Miami Condo At 3470 E Coast Ave For $1.16M
SOLDCondo

London Foster Realty Acquires Midtown Miami Condo At 3470 E Coast Ave For $1.16M

3470 East Coast Avenue, Miami, FL, USA

$1,165,000

$371/SF

Building Size

3,138 SF

Asset Type

Condo

Closing

Mar 8, 2021

AI

A luxurious condo located at 3470 E Coast Avenue Ph103 in the Midtown area of Miami, recently sold for a price of $1,165,000. This spacious condo spans across 3,138 square feet, offering ample living space for its new owner. The selling price translates to a price per square foot of $371, highlighting the value of this stunning property.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,165,000
  • Square Footage: 3,138
  • Price Per Square Foot: $371
  • Address: 3470 E Coast Avenue Ph103
  • Market: Midtown, Miami

Sheyenne Mammina, representing London Foster Realty, played a significant role in facilitating this successful sale. As a reputable broker, Sheyenne Mammina demonstrated her expertise in the real estate market and effectively negotiated the deal, ensuring a favorable outcome for her client.

Players

Sheyenne Mammina

Broker

$4M

vol

2 deals

Broker

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.62%

Cash-on-Cash

-3.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93