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700 NE 26th Terrace #3102 M...

700 NE 26th Terrace Miami Condo Sold For $2.1M By 700 Edgewater Development LLC - Vlad Doronin And Broker Zachary Belil - Douglas Elliman
SOLDCondo

700 NE 26th Terrace Miami Condo Sold For $2.1M By 700 Edgewater Development LLC - Vlad Doronin And Broker Zachary Belil - Douglas Elliman

700 NE 26th Terrace #3102 Miami, FL 33137, USA

$2,100,000

$894/SF

Building Size

2,347 SF

Asset Type

Condo

Closing

Jun 9, 2023

AI

A 2,347 square-foot condo located at 700 NE 26th Terrace in Miami was recently sold for $2,100,000. The property, owned by 700 Edgewater Development LLC and represented by Vlad Doronin, was listed by Zachary Belil of Douglas Elliman. The sale price equates to a price per square foot of $895.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,100,000
  • Square Footage: 2,347
  • Price Per Square Foot: $895
  • Seller: 700 Edgewater Development LLC - Vlad Doronin
  • Broker: Zachary Belil - Douglas Elliman

Zachary Belil of Douglas Elliman played a key role as the broker in facilitating the sale of the condo at 700 NE 26th Terrace in Miami. As the representative of the seller, 700 Edgewater Development LLC, Belil successfully negotiated the transaction, resulting in a sale price of $2,100,000.

Players

Zachary Belil

Douglas Elliman

Broker

$23M

vol

4 deals

Broker
Vlad Doronin

Vlad Doronin

Seller

$1.8B

vol

14 deals

Seller

Miami 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93