Joseph Ballarini & Sann Y Htoo Acquire Office Building On Alton Rd In Miami Beach For $2.1M
1329 Alton Road, Miami Beach, Florida 33139, United States
$2,100,000
$832/SF
Building Size
2,524 SF
Asset Type
Office
Closing
May 31, 2022
About this deal
AI
An office building located at 1329 Alton Rd in Miami Beach, FL has been sold in a recent transaction. The property spans a total of 2,524 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $832.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $2,100,000
- Address: 1329 Alton Rd, Miami Beach, FL
- Market: Miami Beach, FL
The buyer in this transaction is Joseph Ballarini & Sann Y Htoo, while the seller is Eric Harari.
Players
Miami Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93