Laure Parelle Acquires Condo On Brickell Avenue In Miami For $950K
495 Brickell Avenue, Miami, FL 33131, USA
$950,000
$625/SF
Building Size
1,518 SF
Asset Type
—
Closing
Apr 12, 2021
About this deal
AI
Sale of a condo at 495 Brickell Avenue in the Brickell area of Miami has been recently finalized. The transaction took place on April 13, 2021. The condo, spanning 1,518 square feet, was sold for a price of $950,000, resulting in a price per square foot of $626. The property was listed with an asking price of $999,000. The buyer of the condo is Laure Parelle, while the seller is The Northern Company Shaila Singh Rev TR of 2009.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $950,000
- Date: 04/13/2021
- Address: 495 Brickell Avenue
- Market: Brickell, Miami
- Buyer: Laure Parelle
- Seller: The Northern Company Shaila Singh Rev TR of 2009
The deal was facilitated by Marine Rollins from the agency @BrgIntl. Marine Rollins represented the buyer, Laure Parelle, in this transaction. The sale of this condo marks a significant transaction in the Brickell area of Miami.
Miami CRE Market Snapshot
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Deal FAQ
About $625 per square foot on a published $950K for 1,518 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93