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
About this deal
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.
On the Map
$1,700,000
$547/SF
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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