Julian Lewis & Sara Carley Acquire Edgewater Condo For $910K
SOLD
$910,000
Florida
See Similar Deals2,546 SF
Sold 04/08/2022
SOLD
Julian Lewis & Sara Carley Acquire Edgewater Condo For $910K
650 Northeast 32nd Street, Miami, Florida 33137, United States
See Similar Deals2,546 SF
Sold 04/08/2022
Summary
FLORIDA
Price Per Square Foot:$357
Total Square Footage:2,546 SF
Transaction Type:Sale
The condo at 650 NE 32nd St in Edgewater, Miami has been sold for $910,000. The property spans 1,151 square feet, resulting in a price per square foot of $791. The transaction took place on April 8, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $910,000
- Square Footage: 1,151 SF
- Price per Square Foot: $791
- Address: 650 NE 32nd St, Edgewater, Miami
- Market: Edgewater, Miami
The buyer, Julian Lewis and Sara Carley, purchased the property from the seller, Frederico Gaiotti. The deal was facilitated by broker Alona Yona from Beachfront Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$48,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,233.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,313.86
Annual Debt Service$51,766.37
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