Jason Garbell Acquires Aventura Condo From Fabio Baracat For $1.61M
3250 Northeast 188th Street, Aventura, Florida 33180, United States
$1,610,000
$694/SF
Building Size
2,320 SF
Asset Type
—
Closing
May 4, 2022
About this deal
AI
The sale of a condo property at 3250 NE 188th St in Aventura has been completed. The transaction took place on 05/05/2022, and the property was sold for a price of $1,610,000. The condo spans a total area of 2,320 square feet, resulting in a price per square foot of $694.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,610,000
- Address: 3250 NE 188th St, Aventura
The buyer of the condo is Jason Garbell, and the seller is Fabio Baracat. The deal was facilitated by the following brokers: Damira Liberman from Compass and Karen Vieira from Miami Realty Solution Group.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $694 per square foot on a published $1.6M for 2,320 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.85%
Cash-on-Cash
-2.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93