LoKation Real Estate Broker Alex Marks Sells Brickell, Miami Condo For $1.93M
1331 Brickell Bay Drive, Miami, Florida 33131, United States
$1,930,000
$1,115/SF
Building Size
1,730 SF
Asset Type
—
Closing
Mar 15, 2022
About this deal
AI
The property involved in this closed transaction is a condo located at 1331 Brickell Bay Dr Unit 3709 in the Brickell market of Miami. The sale was facilitated by broker Alex Marks from LoKation Real Estate. The property spans 1,730 square feet and was sold for a price of $1,930,000, resulting in a price per square foot of $1,116.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,930,000
- Date: 03/16/2022
- Market: Brickell, Miami
Broker Alex Marks, representing LoKation Real Estate, played a key role in the transaction, ensuring a successful deal for the buyer and seller involved.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $1.9M for 1,730 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.22%
Cash-on-Cash
-2.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93