One Sotheby's International Realty Sells Miami Condo On NE 7th Ave For $1.77M
3131 Northeast 7th Avenue, Miami, Florida 33137, United States
$1,767,500
$947/SF
Building Size
1,865 SF
Asset Type
—
Closing
May 17, 2022
AI
A condo located at 3131 NE 7th Ave in Miami was recently sold for $1,767,500. The property has a total square footage of 1,865, resulting in a price per square foot of $948. The sale took place on May 18, 2022, and the transaction was facilitated by Kelly Ferreira from One Sotheby’s International Realty, along with Carlo Dipasquale and Joyce Parra.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $1,767,500
- Address: 3131 NE 7th Ave, Miami
- Square Footage: 1,865
- Price Per Square Foot: $948
- Seller: Andrea Bille
- Broker: Kelly Ferreira - One Sotheby’s International Realty
- Broker Representatives: Carlo Dipasquale & Joyce Parra
The sale of this condo in Miami was made possible through the involvement of Kelly Ferreira from One Sotheby’s International Realty, as well as Carlo Dipasquale and Joyce Parra. These individuals played a crucial role in facilitating the transaction, ensuring a successful sale for the seller, Andrea Bille.
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
8.97%
Cash-on-Cash
-2.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93