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501 West Avenue

Michael Martirena & Ivan Chorney Of Compass Represent Buyer In $10.95M Miami Beach Condo Sale
SOLDCondo

Michael Martirena & Ivan Chorney Of Compass Represent Buyer In $10.95M Miami Beach Condo Sale

501 West Avenue

$10,950,000

$2,737/SF

Building Size

4,000 SF

Asset Type

Condo

Closing

Mar 23, 2026

AI

The transaction involves a condominium located at 501 West Avenue Unit 3903-3904 in the Miami Beach market. The property was sold for a total price of $10,950,000, with a total square footage of 4,000, resulting in a price per square foot of $2,737.

Summary of transation details:

The representatives involved in this transaction include Michael Martirena and Ivan Chorney from Compass, representing the buyer, and Tatiana Zarubina, Steven Seigel, and Kelly Charles from The Agency, representing the seller. This collaborative effort highlights the interaction between both firms in the execution of the real estate deal.

Players

Michael Martirena

Compass

Broker

$317.5M

vol

25 deals

Broker

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

1.45%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93