London Foster Realty Acquires Midtown Miami Condo At 3470 E Coast Ave For $1.16M
SOLD
$1,165,000
Florida
See Similar DealsCondo3,138 SF
Sold 03/08/2021
SOLD
London Foster Realty Acquires Midtown Miami Condo At 3470 E Coast Ave For $1.16M
3470 East Coast Avenue, Miami, FL, USA
See Similar DealsCondo3,138 SF
Sold 03/08/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$371
Total Square Footage:3,138 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,139.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,522.69
Annual Debt Service$66,272.33
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