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
About this deal
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.
On the Map
$3,000,000
$909/SF
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Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $909 per square foot on a published $3M for 3,297 square feet (2021).
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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