David Landau & Melissa Landau Acquire Condo In Miami Beach From Terra Group For $3.87M
500 Alton Road
$3,865,000
$1,282/SF
Building Size
3,014 SF
Asset Type
Condo
Closing
Jan 2, 2025
AI
The property involved in the transaction is a condo located at 500 Alton Road in the Miami Beach market. The sale price for this asset was $3,865,000. It offers a total square footage of 3,014, resulting in a price per square foot of $1,282.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,865,000
- Address: 500 Alton Road
- Market: Miami Beach
- Square Footage: 3,014
- Price per Square Foot: $1,282
- Buyer: David Landau & Melissa Landau
- Seller: Terra Group
- Broker: Andrea Escobar - Varcamp Realty LLC
This transaction involved David Landau and Melissa Landau as the buyers, acquiring the property from seller Terra Group. The brokerage representation for this transaction was provided by Andrea Escobar from Varcamp Realty LLC.
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
4.10%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93