Reid Heidenry & Marko Gojanovic Represent Buyer In $5.35M Condo Sale In Miami Beach
500 Alton Road
$5,350,000
$1,825/SF
Building Size
2,930 SF
Asset Type
Condo
Closing
Nov 22, 2025
About this deal
AI
The property involved in this transaction is a condo located at 500 Alton Road, Miami Beach. It was sold for a price of $5,350,000, offering a substantial square footage of 2,930. The price per square foot for this property is noted at $1,825.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $5,350,000
- Square Footage: 2,930
- Price Per Square Foot: $1,825
- Address: 500 Alton Road, Miami Beach
The buyers were represented in this transaction by Reid Heidenry and Marko Gojanovic from ONE Sotheby's International Realty, who facilitated the closing of the deal on November 22, 2025.
On the Map
$5,350,000
$1,825/SF
Condo
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Players
Miami Beach Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93