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788 Northeast 23rd Street, ...

Fiorella Desatory Acquires Condo In Edgewater, Miami For $3M
SOLD

Fiorella Desatory Acquires Condo In Edgewater, Miami For $3M

788 Northeast 23rd Street, Edgewater, Miami, FL, USA

$3,000,000

$909/SF

Building Size

3,297 SF

Asset Type

Closing

Sep 21, 2021

AI

Located at 788 NE 23rd Street in Edgewater, Miami, this recently sold condo is an impressive asset in the real estate market. The transaction took place on September 21, 2021, and the property offers a total of 3,297 square feet. The sale price for this condo was $3,000,000, resulting in a price per square foot of $910.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,000,000
  • Buyer: Fiorella Desatory
  • Seller: Faouzi Ghoulam
  • Buyer's Representative: Ysabel Sanabria - Florida Capital Realty
  • Seller's Representative: Lianne Graubart - Compass Florida, LLC

The successful deal was facilitated by the buyer's representative, Ysabel Sanabria, from Florida Capital Realty, and the seller's representative, Lianne Graubart, from Compass Florida, LLC. Both parties played an integral role in ensuring a smooth transaction.

Players

Lianne Graubart

Sotheby's International Realty

Broker

$18.2M

vol

5 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93