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Cryptocurrency Sale In Miami Nets $7.2M For Condo, Buyer's Rep Madison Roberts - Oppenheim Realty, Seller's Rep The Keith & Sonia Team

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SOLD
$7,200,000

Florida

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Condo4,600 SF
Sold
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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 Deals
Condo4,600 SF
Sold
Contact now

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.

Players

Sonia Toth
8 deals$51.5M volume
BROKER

Keith Marks
Brown Harris Stevens
2 deals$13.2M volume
BROKER

Madison Roberts
3 deals$116.3M volume
BROKER

Details

SOLD
IMAGE: SALE IMAGE: Keith Marks & Sonia Toth DATE: 08/04/2021 MARKET: Miami ASSET TYPE: Condo ~ CRYPTOCURRENCY: BUYER’S REP: Madison Roberts - Oppenheim Realty SELLER'S REP: Keith Marks & Sonia Toth - The Keith & Sonia Team - Brown Harris Stevens SALE PRICE: $7,200,000 SF: 4,600 ~ PPSF: $1,565

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Deal Type
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
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