One Sotheby’s Intl Realty Acquires Brickell Condo In Miami For $5.3M
444 Brickell Ave, Downtown Miami, Miami, FL, USA
$5,300,000
$26/SF
Building Size
200,368 SF
Asset Type
—
Closing
Aug 31, 2021
AI
The sale of a condo in Brickell, Miami, located at 444 Brickell Ave, was recently completed. The transaction took place on 09/01/2021. The condo consists of 4 units, with a price per unit of $1,325,000. The total sale price for the property was $5,300,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,300,000
- Address: 444 Brickell Ave
- Market: Brickell, Miami
The seller representative for this deal was Adriana Brito from Related Group, while the buyer was represented by Melissa Breda from One Sotheby’s International Realty.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93