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495 Brickell Avenue, Miami,...

Laure Parelle Acquires Condo On Brickell Avenue In Miami For $950K
SOLD

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

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.

Players

Marine Rollins

Miami Global Realty

Broker

$277.4M

vol

12 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

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93