Marcelo Steinmander Acquires Condo At 1000 Brickell Plaza In Miami For $8.2M
1000 Brickell Plaza, Brickell, Miami, FL, USA
$8,200,000
$1,769/SF
Building Size
4,633 SF
Asset Type
—
Closing
May 10, 2021
AI
The property involved in this transaction is a condominium located at 1000 Brickell Plaza, Brickell, Miami. The condo has a total area of 4,633 square feet. The transaction took place on 05/11/2021, with a sale price of $8,200,000. The asking price for the condo was $9,450,000, resulting in a price per square foot of $1,770.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,200,000
- Address: 1000 Brickell Plaza, Brickell, Miami
- Square Footage: 4,633
- Asking Price: $9,450,000
- Price per Square Foot: $1,770
- Buyer's Rep: Marcelo Steinmander P.A - BHHS EWM Realty
- Seller's Rep: Christopher Suarez - CMC Real Estate
The buyer's representative in this deal was Marcelo Steinmander, who is associated with BHHS EWM Realty. On the other hand, the seller's representative was Christopher Suarez from CMC Real Estate.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93