Benjamin Schultze Acquires Brickell, Miami Condo From Swire Properties
SOLD
$5,800,000
Florida
See Similar Deals4,066 SF
Sold 06/20/2022
SOLD
Benjamin Schultze Acquires Brickell, Miami Condo From Swire Properties
68 Southeast 6th Street, Miami, Florida 33131, United States
See Similar Deals4,066 SF
Sold 06/20/2022
Summary
FLORIDA
Price Per Square Foot:$1,426
Total Square Footage:4,066 SF
Transaction Type:Sale
A luxurious condominium in the Brickell neighborhood of Miami has recently been sold in a closed transaction. The property, located at 68 SE 6th St ph 4301, offers stunning views and modern amenities to its residents.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,800,000
- Address: 68 SE 6th St ph 4301
- Market: Brickell, Miami
The buyer of this impressive condo is Benjamin Schultze, while the seller is Swire Properties. Additionally, the transaction was facilitated by Eva Garzon and Sebastian Camara from The Grand Lion Real Estate Group.
The property spans 4,066 square feet, offering ample space for comfortable living. The sale price for this luxurious condo was $5,800,000, with a price per square foot of $1,426.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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