Mimi Sternlicht Acquires Miami Beach Condo From The John Daniel Marshall Trust For $7.2M
Miami Beach, FL, USA
$7,200,000
$2,124/SF
Building Size
3,389 SF
Asset Type
Condo
Closing
Oct 14, 2021
About this deal
AI
A condo in Miami Beach has been sold for a price of $7,200,000. The property, with a total square footage of 3,389, was purchased by Mimi Sternlicht from the seller, The John Daniel Marshall Trust. The sale price equates to a price per square foot of $2,125.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,200,000
Mimi Sternlicht acquired the condo in Miami Beach, marking her as the buyer in this transaction. The seller, The John Daniel Marshall Trust, successfully closed the deal with Sternlicht. The transaction involved a total square footage of 3,389, and the sale price amounted to $7,200,000, resulting in a price per square foot of $2,125.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.1K per square foot on a published $7.2M for 3,389 square feet (2021).
Browse Florida condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93