Cryptocurrency Sale In Miami Nets $7.2M For Condo, Buyer's Rep Madison Roberts - Oppenheim Realty, Seller's Rep The Keith & Sonia Team
SOLD
Florida
See Similar DealsCondo4,600 SF
Sold
SOLD
Cryptocurrency Sale In Miami Nets $7.2M For Condo, Buyer's Rep Madison Roberts - Oppenheim Realty, Seller's Rep The Keith & Sonia Team
Miami, FL, USA
See Similar DealsCondo4,600 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,565
Total Square Footage:4,600 SF
Transaction Type:Sale
A condo in Miami has been sold for $7,200,000 in a cryptocurrency transaction. The property, measuring 4,600 square feet, was sold at a price per square foot of $1,565. The sale was facilitated by Madison Roberts from Oppenheim Realty, who represented the cryptocurrency buyer.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $7,200,000
- Market: Miami
- Cryptocurrency: Yes
- Square Footage: 4,600
- Price per Square Foot: $1,565
The Keith & Sonia Team from Brown Harris Stevens represented the sellers, Keith Marks and Sonia Toth. The team played a key role in facilitating the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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