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400 Alton Road

Dean Bloch Of Douglas Elliman Represents Seller In $4.375M Condo Sale At 400 Alton Road
SOLDMultiFamily

Dean Bloch Of Douglas Elliman Represents Seller In $4.375M Condo Sale At 400 Alton Road

400 Alton Road

$4,375,000

$1,458/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Oct 30, 2024

AI

The asset involved in this transaction is a condo located at 400 Alton Road Unit 2804 in Miami Beach. The sale price for this property was $4,375,000, with a total of 2,804 square feet at a price per unit of $1,560 and a price per square foot of $1,458. This property was on the market for a duration of 2 weeks.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,375,000
  • Units: 2,804
  • Square Footage: 3,000
  • Price Per Unit: $1,560
  • Price Per Square Foot: $1,458
  • Buyer's Representative: David Vazquez - Douglas Elliman
  • Seller's Representative: Dean Bloch - Douglas Elliman

David Vazquez represented the buyer in this transaction, while Dean Bloch represented the seller. Both brokers are affiliated with Douglas Elliman, the agency handling this deal.

Players

Dean Bloch

Douglas Elliman

Broker

$85.1M

vol

11 deals

Broker
Brown Harris Stevens
Brown Harris StevensBrokerage

Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.63%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93