Douglas Honegger Acquires Condo In Coconut Grove For $1.3M
3400 Southwest 27th Avenue, Miami, FL 33133
$1,295,000
$846/SF
Building Size
1,530 SF
Asset Type
—
Closing
Dec 21, 2021
About this deal
AI
A condo located at 3400 SW 27th Ave APT 801 in Coconut Grove has been sold in a recent transaction. The property, with a size of 1,530 square feet, was sold for a price of $1,295,000. The sale was made between the buyer, Douglas Honegger, and the seller, Veronica Lopez. The transaction was facilitated by Nicole Sanchez of One Sotheby’s International Realty acting as the broker.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,295,000
- Address: 3400 SW 27th Ave APT 801
- Market: Coconut Grove
- Buyer: Douglas Honegger
- Seller: Veronica Lopez
- Broker: Nicole Sanchez - One Sotheby’s International Realty
Nicole Sanchez, from One Sotheby’s International Realty, represented both the buyer and seller in the deal, ensuring a smooth transaction process. The price per square foot for the property was calculated to be $846.
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $846 per square foot on a published $1.3M for 1,530 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.25%
Cash-on-Cash
-3.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93