Jonathan Cox Acquires Miami Beach Condo From 555 Partners LLC. Lourdes Gutierrez Represents The Sale
Miami Beach, FL, USA
$5,500,000
$2,457/SF
Building Size
2,238 SF
Asset Type
Condo
Closing
Jun 18, 2021
AI
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.
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93