Elysee Miami Condo In Edgewater, Miami Sells For $6.8M
788 Northeast 23rd Street, Miami, FL 33137
$6,825,000
$857/SF
Building Size
7,958 SF
Asset Type
—
Closing
Jul 20, 2020
About this deal
AI
A luxury condo unit in Edgewater, Miami has been sold for $6,825,000. Located at 788 NE 23rd Street, also known as Elysee Miami, Unit 5001, this spacious property offers a total square footage of 7,958. The impressive price per square foot for this transaction was $858. The sale was facilitated by the esteemed broker Zachary Belil from Douglas Elliman, representing the buyer. The seller and developer of the property was Two Roads Development.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,825,000
- Address: 788 NE 23rd Street AKA Elysee Miami (Unit 5001)
- Market: Edgewater, Miami
- Square Footage: 7,958
- Price Per Square Foot: $858
Zachary Belil, a broker from Douglas Elliman, played a crucial role in this successful sale. His expertise and representation ensured a smooth transaction process for the buyer. The collaboration between the buyer's representative and Two Roads Development, the seller and developer, resulted in the successful sale of this luxurious condo unit.
On the Map
$6,825,000
$857/SF
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93