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2900 Northeast 7th Avenue, ...

Roger Lehman Sells Residential Condo In Miami For $1.65M With Dean Bloch - Douglas Elliman
SOLD

Roger Lehman Sells Residential Condo In Miami For $1.65M With Dean Bloch - Douglas Elliman

2900 Northeast 7th Avenue, Miami, FL, USA

$1,650,000

$737/SF

Building Size

2,236 SF

Asset Type

Closing

Mar 29, 2021

AI

A residential condo located at 2900 NE 7th Avenue (LPH 4903) in Miami, was recently sold for $1,650,000. The property has a size of 2,236 square feet with a price per square foot of $738. The sale took place on March 30, 2021, and the seller was Roger Lehman.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $1,650,000
  • Address: 2900 NE 7th Avenue (LPH 4903), Miami
  • Market: Miami
  • Seller: Roger Lehman

The transaction was facilitated by Dean Bloch from Douglas Elliman as the broker representing the seller. Dean Bloch played a key role in the sale of this residential condo in Miami.

Players

Dean Bloch

Douglas Elliman

Broker

$85.1M

vol

11 deals

Broker

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

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93