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Hassan Whiteside buys Miami...

Hassan Whiteside Acquires Miami Condo For $1.2M
SOLDCondo

Hassan Whiteside Acquires Miami Condo For $1.2M

$1,200,000

Building Size

Asset Type

Condo

Closing

Sep 27, 2022

AI

A condo in Miami was recently sold for $1,200,000. The sale took place on September 27, 2022. The property was purchased by Hassan Whiteside, who is associated with the Utah Jazz. The deal was facilitated by broker Ryan Kelly from Douglas Elliman.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,200,000
  • Buyer: Hassan Whiteside - @utahjazz
  • Seller's Representative: Ryan Kelly - @douglaselliman

This sale represents a significant transaction in the Miami property market. Hassan Whiteside, a professional basketball player for the Utah Jazz, acquired the condo for an impressive sum. The deal was successfully negotiated by Ryan Kelly from Douglas Elliman, who represented the seller in this transaction.

Players

Ryan Kelly

Douglas Elliman

Broker

$8.7M

vol

4 deals

Broker

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93