Five Park Developers Sells Condo At 500 Alton Road Miami Beach For $9 Million With Brokers Stefania Julia And Nebojsa Bandovic
500 Alton Road
$9,000,000
$2,265/SF
Building Size
3,972 SF
Asset Type
Condo
Closing
May 15, 2025
About this deal
AI
The condo located at 500 Alton Road in Miami Beach was sold for $9,000,000. This property spans 3,972 square feet, resulting in a price per square foot of $2,265.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,000,000
- Seller: Five Park Developers
- Broker Representing Seller: Stefania Julia - Real Estate By Fania
- Broker Representing Seller: Nebojsa Bandovic - NB ElitRealty
This transaction highlights the involvement of Five Park Developers as the seller, with Stefania Julia and Nebojsa Bandovic as the respective brokers representing the seller in this deal.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $9M for 3,972 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93