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
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