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
About this deal
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.
On the Map
$7,900,000
$1,116/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $7.9M for 7,075 square feet (2022).
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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