Sulay Garcia Acquires Other Condos In Miami, FL For $2.6M
2490 Coral Way, Miami, Florida 33145, United States
$2,600,000
$6,860/SF
Building Size
379 SF
Asset Type
—
Closing
Sep 22, 2022
About this deal
AI
The Other Condos located at 2490 Coral Way in Miami, FL, has been sold in a recent transaction. The property, spanning 379 square feet, was purchased by Sulay Garcia from Sulay Garcia at a price of $2,600,000. The price per square foot for this sale was $6,860.
Summary of transaction details:
- Property Type: Other Condos
- Transaction Amount: $2,600,000
- Address: 2490 Coral Way, Miami, FL
- Buyer: Sulay Garcia
- Seller: Sulay Garcia
- Square Footage: 379 SF
- Price per Square Foot: $6,860
This transaction represents the transfer of ownership of the Other Condos from Sulay Garcia to Sulay Garcia. It is noteworthy that the sale price of $2,600,000 reflects a price per square foot of $6,860, indicating the value placed on this property.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $6.9K per square foot on a published $2.6M for 379 square feet (2022).
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93