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788 Northeast 23rd Street, ...

Compass Team Facilitates $2.4M Condo Sale In Edgewater, Miami
SOLD

Compass Team Facilitates $2.4M Condo Sale In Edgewater, Miami

788 Northeast 23rd Street, Miami, Florida 33137, United States

$2,390,000

$871/SF

Building Size

2,743 SF

Asset Type

Closing

Jan 31, 2022

AI

The condo unit at 788 NE 23rd Street, Unit 1501 in Edgewater was recently sold for $2,390,000. This spacious property spans 2,743 square feet and has a price per square foot of $871.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,390,000
  • Address: 788 NE 23rd Street, Unit 1501
  • Market: Edgewater
  • Asset Type: Condo
  • Brokers: Philip Scheinfeld & Amanda Malone - Philip Scheinfeld Team - Compass
  • Square Footage: 2,743
  • Price per Square Foot: $871

The sale was facilitated by the Philip Scheinfeld Team at Compass, with Philip Scheinfeld and Amanda Malone representing the parties involved in the transaction.

Players

Philip Scheinfeld

Compass

Broker

$206.4M

vol

25 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

6.64%

Cash-on-Cash

-1.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93