facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

All

/

Sale

/

698 Northeast 1st Avenue

Trevin Woutersz Acquires Condo At The Crosby Miami In Miami For $2.13M
SOLD

Trevin Woutersz Acquires Condo At The Crosby Miami In Miami For $2.13M

698 Northeast 1st Avenue

$2,131,000

$2,303/SF

Building Size

925 SF

Asset Type

Closing

Sep 14, 2022

AI

The Crosby Miami, a condominium located at 698 NE 1st Ave in Miami, was recently sold for $2,131,000. The transaction took place on September 15, 2022. Spanning across 925 square feet, the condo was sold for an impressive price of $2,304 per square foot. Orel Kogman from Podium Realty Group represented both the buyer, Trevin Woutersz, and the seller, The Crosby Miami, in this deal.

Summary of transaction details:

Orel Kogman, a broker from Podium Realty Group, played a crucial role in facilitating this transaction. With their expertise, they successfully represented both the buyer, Trevin Woutersz, and the seller, The Crosby Miami, ensuring a smooth and efficient deal. Their involvement highlights the importance of having a knowledgeable representative in any property transaction.

Players

Orel Kogman

Podium Realty Group

Broker

$2.1M

vol

1 deal

Broker
M
MiamiSeller

Miami CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.44%

Cash-on-Cash

-2.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93