Terra Group Sells Condo At 500 Alton Road Miami Beach For $6.5 Million With Brokers Gillian Fessler & Angelica Garcia
500 Alton Road
$6,500,000
$2,040/SF
Building Size
3,186 SF
Asset Type
Condo
Closing
Jan 9, 2025
About this deal
AI
The property asset involved in this transaction is a condo located at 500 Alton Road Unit 3601 in Miami Beach. The selling price for this condo was $6,500,000, with a square footage of 3,186, resulting in a price per square foot of $2,040.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,500,000
- Address: 500 Alton Road Unit 3601
- Market: Miami Beach
- Square Footage: 3,186
- Price per Square Foot: $2,040
- Seller: Terra Group
- Broker Representatives: Gillian Fessler & Angelica Garcia - Douglas Elliman
This sale was noted as one of the first transactions in the project during the friends and family stage of launching, which is considered an advantageous time for buyers in new development condo projects.
On the Map
$6,500,000
$2,040/SF
Condo
View full map
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Visit Angelica Garcia to view all their deals.
Browse Miami Beach condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93