Leocadia Barnes Sanchez Acquires Miami Condos From Henry Torres For $4.1M
SOLD
$4,100,000
Florida
See Similar Deals3,264 SF
Sold 04/27/2022
SOLD
Leocadia Barnes Sanchez Acquires Miami Condos From Henry Torres For $4.1M
301 Altara Avenue, Miami, Florida 33146, United States
See Similar Deals3,264 SF
Sold 04/27/2022
Summary
FLORIDA
Price Per Square Foot:$1,256
Total Square Footage:3,264 SF
Transaction Type:Sale
The property involved in this transaction is located at 301 Altara Avenue in Miami, FL. It is a condominium with a total square footage of 3,264. The sale took place on April 28, 2022, with a selling price of $4,100,000. The price per square foot for this property is $1,256.
Summary of transaction details
- Property Type: Condos
- Transaction Amount: $4,100,000
- SF: 3,264
- PPSF: $1,256
The buyer in this transaction is Leocadia Barnes Sanchez, while Henry Torres acted as the seller. These individuals were represented by their respective brokers or representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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