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:
- Property Type: Condo
- Transaction Amount: $2,131,000
- Address: 698 NE 1st Ave, Miami
- Market: Miami
- Representatives:
- Buyer's Representative: Orel Kogman - Podium Realty Group
- Seller's Representative: Orel Kogman - Podium Realty Group
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
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