Updated Dec 4, 2024
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
About this deal
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.
On the Map
$4,375,000
$1,458/SF
MultiFamily
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Players
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