Jonathan Cox Acquires Miami Beach Condo From 555 Partners LLC. Lourdes Gutierrez Represents The Sale
SOLD
$5,500,000
Florida
See Similar DealsCondo2,238 SF
Sold 06/18/2021
SOLD
Jonathan Cox Acquires Miami Beach Condo From 555 Partners LLC. Lourdes Gutierrez Represents The Sale
Miami Beach, FL, USA
See Similar DealsCondo2,238 SF
Sold 06/18/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,457
Total Square Footage:2,238 SF
Transaction Type:Sale
A condo in Miami Beach has been sold for $5,500,000. The property, with a square footage of 2,238, was purchased by Jonathan Cox of The Federated Companies. The seller of the condo was 555 Partners LLC. The transaction took place on June 18, 2021. Lourdes Gutierrez of Compass represented the buyer in this deal.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,500,000
- Square Footage: 2,238
- Market: Miami Beach
Jonathan Cox of The Federated Companies was the purchaser of the condo in Miami Beach. On the other side of the deal was 555 Partners LLC, the seller of the property. Lourdes Gutierrez of Compass played a crucial role as the buyer's representative, ensuring a successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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