Jordan Karp LLC Represents Buyer In Sale Of Miami Beach Condo For $6.7M
500 Alton Road
$6,700,000
$2,562/SF
Building Size
2,615 SF
Asset Type
Condo
Closing
Aug 4, 2025
About this deal
AI
The transaction involved a condominium located at 500 Alton Road Unit 3703 in Miami Beach. The property was sold for $6,700,000, encompassing a total square footage of 2,615 and a price per square foot of $2,562.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,700,000
- Address: 500 Alton Road Unit 3703
- Market: Miami Beach
- Square Footage: 2,615
- Price Per Square Foot: $2,562
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representative: Nelson Gonzalez - Berkshire Hathaway HomeServices
- Buyer's Attorney: Charlie Ratner
The representatives involved played significant roles in the transaction, with Jordan Karp acting on behalf of the buyer through his agency, Jordan Karp LLC. Nelson Gonzalez represented the seller from Berkshire Hathaway HomeServices, ensuring the deal progressed smoothly while Charlie Ratner served as the buyer's attorney throughout the process.
On the Map
$6,700,000
$2,562/SF
Condo
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Players
Miami Beach 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93