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
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