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801 South Miami Avenue

Barrett Gimpson Acquires Condo At 801 S Miami Ave In Miami For $1.9M
SOLD

Barrett Gimpson Acquires Condo At 801 S Miami Ave In Miami For $1.9M

801 South Miami Avenue & 801 South Miami Avenue, Miami, Florida 33130, United States

$1,900,000

$381/SF

Building Size

4,986 SF

Asset Type

Closing

Dec 15, 2021

AI

The recently closed property transaction involved a condominium located at 801 S Miami Ave, Miami. The condo, with a total area of 2,493 square feet, was sold on December 16, 2021, for a price of $1,900,000, resulting in a price per square foot of $762.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,900,000
  • Address: 801 S Miami Ave, Miami
  • Square Footage: 2,493
  • Seller: Jaime Sanchez
  • Buyer: Barrett Gimpson
  • Seller's Representative: Karen Elmir - Elmir Group - One Sotheby's International Realty

Karen Elmir from Elmir Group - One Sotheby's International Realty represented the seller, Jaime Sanchez, in this transaction. The buyer, Barrett Gimpson, successfully acquired the property, securing a valuable asset in the bustling Miami area.

Players

Karen Elmir

Sotheby's International Realty

Broker

$64.9M

vol

12 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93