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
About this deal
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:
- Property Type: Condo
- Transaction Amount: $10,950,000
- Address: 501 West Avenue Unit 3903-3904
- Market: Miami Beach
- Square Footage: 4,000
- Price per Square Foot: $2,737
- Buyer's Representative: Michael Martirena & Ivan Chorney - Compass
- Seller's Representative: Tatiana Zarubina, Steven Seigel & Kelly Charles - The Agency
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.
On the Map
$10,950,000
$2,737/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
1.45%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93