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
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