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
About this deal
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.
On the Map
$2,390,000
$871/SF
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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