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
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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93