Giovanni & Stefano Giusto Sell Miami Beach Condo For $8.99M
SOLD
$8,999,771
Florida
See Similar DealsCondo2,279 SF
Sold 09/21/2021
SOLD
Giovanni & Stefano Giusto Sell Miami Beach Condo For $8.99M
Miami Beach, FL, USA
See Similar DealsCondo2,279 SF
Sold 09/21/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,949
Total Square Footage:2,279 SF
Transaction Type:Sale
A condo in Miami Beach has been sold for $8,999,771. The property spans approximately 2,279 square feet, resulting in a price per square foot of $3,949. The transaction took place on 09/21/2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,999,771
- Market: Miami Beach
- Seller: Giovanni & Stefano Giusto
- Brokers: Stefania Cambarau & David Siddons (Douglas Elliman), Vittoria Ruzzi (Luxe Living Realty)
The condo, located in Miami Beach, was sold by Giovanni & Stefano Giusto. The deal was facilitated by Stefania Cambarau and David Siddons from Douglas Elliman, as well as Vittoria Ruzzi from Luxe Living Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$479,987.79
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,974.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,663.51
Annual Debt Service$511,962.07
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