Douglas Elliman Brokers Sell Miami Beach Condo For $7.9M
SOLD
$7,900,000
+ 1
Florida
See Similar DealsCondo7,075 SF
Sold 01/28/2022
SOLD
Douglas Elliman Brokers Sell Miami Beach Condo For $7.9M
Miami Beach, Miami, Florida 33125, United States
See Similar DealsCondo7,075 SF
Sold 01/28/2022
+ 1
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,116
Total Square Footage:7,075 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
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