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495 Brickell Avenue, Miami,...

Inder Sigal Acquires Condo At Icon Brickell, Miami For $1.5M
SOLD

Inder Sigal Acquires Condo At Icon Brickell, Miami For $1.5M

495 Brickell Avenue, Miami, Florida 33131, United States

$1,500,000

$802/SF

Building Size

1,870 SF

Asset Type

Closing

Dec 17, 2021

AI

Icon Brickell at 495 Brickell Ave # 2301 in Miami has been sold. The condo, with a square footage of 1,870, was sold for a price of $1,500,000. The property's asking price was $1,480,000, resulting in a final sale price higher than the original asking price. The price per square foot for this transaction was $802. The sale was finalized on December 17, 2021.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,500,000
  • Square Footage: 1,870
  • Address: 495 Brickell Ave # 2301, Icon Brickell, Miami
  • Market: Miami
  • Seller: Carlos Abril
  • Seller's Representative: Patricia Montalvan, P.A. - Fortune International Realty
  • Buyer: Inder Sigal

The sale of the condo at Icon Brickell involved the buyer, Inder Sigal, and the seller, Carlos Abril. Patricia Montalvan, P.A. from Fortune International Realty represented the seller in this transaction. The sale price of $1,500,000 exceeded the initial asking price, showcasing a successful negotiation process for all parties involved.

Players

Patricia Montalvan

Fortune International Realty

Broker

$4.3M

vol

2 deals

Broker

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93