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

Property Image
SOLD
$3,000,000
Ysabel Sanabria
Lianne Graubart

Florida

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3,297 SF
Sold 09/21/2021
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
3,297 SF
Sold 09/21/2021
Ysabel Sanabria
Lianne Graubart
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$909
Total Square Footage:3,297 SF
Transaction Type:Sale

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
Lianne Graubart
5 deals$18.2M volume
BROKER
Ysabel Sanabria
Ysabel Sanabria
1 deal$3M volume
BROKER

Details

SOLD
IMAGE: Ysabel Sanabria & Lianne Graubart DATE: 09/21/2021 ADDRESS: 788 NE 23rd Street MARKET: Edgewater, Miami ASSET TYPE: Condo BUYER: Fiorella Desatory SELLER: Faouzi Ghoulam BUYER'S REP: Ysabel Sanabria (@YsaSanabria) - Florida Capital Realty SELLER'S REP: Lianne Graubart (@LianneGraubart) - Compass Florida, LLC SALE PRICE: 3,000,000 SF: 3,297 ~ PPSF: $910

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37