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700 Northeast 26th Terrace

Marlon Cohen Of Douglas Elliman Represents Buyer In $2.35M Miami Condo Sale
SOLDCondo

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

Marlon Cohen

Douglas Elliman

Broker

$35.9M

vol

5 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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