Marber Arellano Acquires Resi Condo In Coconut Grove For $1.5M
3570 W Fairview St, Northeast Coconut Grove, Miami, FL, USA
$1,500,000
$802/SF
Building Size
1,870 SF
Asset Type
—
Closing
Feb 11, 2021
About this deal
AI
A residential condo located at 3570 W Fairview St. in Coconut Grove was recently sold. The property, with an area of 1,870 square feet, was sold for $1,500,000, which translates to a price per square foot of $802. The transaction took place on February 12, 2021.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $1,500,000
- Address: 3570 W Fairview St., Coconut Grove
- Buyer's Representative: Marber Arellano - Lokation Real Estate
Marber Arellano from Lokation Real Estate represented the buyer in this transaction. The property was initially listed for sale at $1,525,000, and after negotiations, it was ultimately sold for $1,500,000. With a price per square foot of $802, this residential condo offers a desirable living space in the vibrant neighborhood of Coconut Grove.
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $802 per square foot on a published $1.5M for 1,870 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93