Compass Acquires Miami Condo At 3301 NE 1st For $1.7M
3301 NE 1st Ave, Miami, FL, USA
$1,700,000
$547/SF
Building Size
3,103 SF
Asset Type
—
Closing
Apr 14, 2021
AI
A 3,103 square foot condo located at 3301 NE 1st, PH6 in Miami was recently sold. The property was listed with an asking price of $1,850,000 and ultimately sold for $1,700,000. The sale price translates to a price per square foot of $547.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,700,000
- Address: 3301 NE 1st, PH6, Miami
- Market: Miami
The buyer's representative in the transaction was Philip Scheinfeld of the Philip Scheinfeld Team at Compass, along with Jaime Blatt. Kendrick Clayborne represented the seller.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93