Scott & Kristen Wagner Purchase Condo From Gus A. Goldsmith For $9 Million In Aventura
SOLD
$9,000,000
Massachusetts
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SOLD
Scott & Kristen Wagner Purchase Condo From Gus A. Goldsmith For $9 Million In Aventura
Sold
Summary
Transaction Type:Sale
The property involved in this transaction is a condo located at 5000 Island Estates Dr, PH-1508 in Aventura. It was sold for $9,000,000, encompassing a total area of 6,200 square feet, resulting in a price per square foot of $1,452.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $9,000,000
- Address: 5000 Island Estates Dr, PH-1508
- Market: Aventura
- Square Footage: 6,200
- Price Per Square Foot: $1,452
- Buyer: Scott & Kristen Wagner
- Seller: Gus A. Goldsmith
- Broker: Richard Goihman & Ivonn Goihman - The Goihman Group
This sale marks the highest condo sale in the history of Aventura, underscoring the significance of this transaction within the market. The individuals representing the broker in this transaction are Richard Goihman and Ivonn Goihman, part of The Goihman Group, with both involved in facilitating the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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