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Miami Beach, Miami, Florida...

Douglas Elliman Brokers Sell Miami Beach Condo For $7.9M
SOLDCondo

Douglas Elliman Brokers Sell Miami Beach Condo For $7.9M

Miami Beach, Miami, Florida 33125, United States

$7,900,000

$1,116/SF

Building Size

7,075 SF

Asset Type

Condo

Closing

Jan 28, 2022

AI

A luxury condo in Miami Beach has been sold for $7,900,000. The property, spanning 7,075 square feet, was sold on January 28, 2022. Located in the sought-after market of Miami Beach, this condo offers a spacious and luxurious living space. The price per square foot for this transaction was $1,117, reflecting its high-end value.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,900,000

The seller of this esteemed condo was Valerio Morabito from Morabito Properties. Represented by Dina Goldentayer, Bill Hernandez, and Bryan Sereny from Douglas Elliman, the transaction was successfully closed. These experienced brokers played a pivotal role in facilitating the sale and ensuring a smooth transaction process for all parties involved.

Players

Dina Goldentayer

Douglas Elliman

Broker

$1.6B

vol

92 deals

Broker
Valerio Morabito

Valerio Morabito

Morabito Properties

Seller

$71.7M

vol

5 deals

Seller

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93