Updated Oct 29, 2024
Alison Wander Acquires Miami Beach Condo For $8M From Seller Michael Stern
1300 Monad Terrace, Miami Beach, FL, USA
$8,000,000
$1,495/SF
Building Size
5,350 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
About this deal
AI
The property involved in this closed transaction is a 5,350 square foot condo located at 1300 Monad Terrace Unit PHB in Miami Beach. The sale price for this condo was $8,000,000, resulting in a price per square foot of $1,495.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,000,000
- Address: 1300 Monad Terrace Unit PHB, Miami Beach
- Market: Miami Beach
The buyer in this transaction was Alison Wander and Joshua Wander, represented by 777 Partners. The seller was Michael Stern from JDS Development Group. The deal was facilitated by the broker Douglas Elliman.
On the Map
$8,000,000
$1,495/SF
MultiFamily
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Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $8M for 5,350 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93