Marlon Cohen Of Douglas Elliman Represents Buyer In $2.35M Miami Condo Sale
700 Northeast 26th Terrace
$2,350,000
$953/SF
Building Size
2,466 SF
Asset Type
Condo
Closing
Aug 26, 2025
AI
The asset involved in this transaction is a condo located at 700 Northeast 26th Terrace Unit 5002 in the Miami market. The sale price of the property was $2,350,000, and it encompasses a total square footage of 2,466 with a price per square foot of $952.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,350,000
- Square Footage: 2,466
- Price per Square Foot: $952
- Buyer’s Representative: Marlon Cohen - Douglas Elliman
- Seller’s Representative: Michael Light - Douglas Elliman
- Transaction Date: 08/27/2025
This transaction was facilitated by Marlon Cohen representing the buyer and Michael Light representing the seller, both from Douglas Elliman. Their involvement highlights the role of professional brokers in closing the deal for this condo in Miami.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93