Hassan Whiteside Acquires Miami Condo For $1.2M
SOLD
$1,200,000
National
See Similar DealsCondo
Sold 09/27/2022
SOLD
Hassan Whiteside Acquires Miami Condo For $1.2M
Condo
Sold 09/27/2022
Summary
Asset Type:Condo
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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