Fortune International Realty Acquires Brickell Ave Condo In Miami For $1.75M
1435 Brickell Avenue, Miami, Florida 33131, United States
$1,750,000
$848/SF
Building Size
2,062 SF
Asset Type
—
Closing
Jun 15, 2022
About this deal
AI
1435 Brickell Ave in Miami has been sold in a recent transaction. The property is a condo with a size of 2,062 square feet. The sale price for this transaction was $1,750,000, resulting in a price per square foot of $849.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,750,000
- Address: 1435 Brickell Ave, Miami
Mauricio Díaz was the seller of this property. Francisco Paez, representing Fortune International Realty, acted as the buyer's representative. Ruedi Sieber, from Sieber International, LLC, represented the seller in this transaction.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93