Hayley Denman Acquires Condo In Miami Beach For $2.8M
SOLD
Florida
See Similar DealsCondo1,993 SF
Sold 06/12/2023
SOLD
Hayley Denman Acquires Condo In Miami Beach For $2.8M
450 Alton Rd Miami Beach, FL 33139, USA
See Similar DealsCondo1,993 SF
Sold 06/12/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,404
Total Square Footage:1,993 SF
Transaction Type:Sale
A condo located at 450 Alton Road in Miami Beach has been sold for $2,800,000. The property is a 1,993 square foot unit, resulting in a price per square foot of $1,405. The transaction took place on June 12, 2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,800,000
- Address: 450 Alton Road, Miami Beach
- Market: Miami Beach
The buyer of the condo is Hayley Denman, while the seller is Lawrence Alletto. Hayley Denman was represented by Judith "Judy" Zeder from Coldwell Banker. The seller was represented by Seán Murray and David Pulley from Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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