Compass Acquires Miami Condo At 3301 NE 1st For $1.7M
SOLD
Florida
See Similar Deals3,103 SF
Sold 04/15/2021
SOLD
Compass Acquires Miami Condo At 3301 NE 1st For $1.7M
3301 NE 1st Ave, Miami, FL, USA
See Similar Deals3,103 SF
Sold 04/15/2021
Summary
FLORIDA
Price Per Square Foot:$547
Total Square Footage:3,103 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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