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
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