Glenn Oztemel Sells Condo In Miami For $2.5M
801 South Miami Avenue, Miami, FL, USA
$2,500,000
$1,103/SF
Building Size
2,265 SF
Asset Type
—
Closing
Nov 26, 2021
About this deal
AI
The property involved in this transaction is a condo located at 801 S Miami Ave # PH5703 in Miami. It was sold on 11/26/2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,500,000
- Address: 801 S Miami Ave # PH5703, Miami
- Market: Miami
- Square Footage: 2,265
- Price per Square Foot: $1,104
The seller of the property was Glenn Oztemel. The brokers involved in the deal were Mikhail Mudrik and Daniel Tzinker from Tzinker International Realty.
The commercial sale at 801 South Miami Avenue, Miami, FL, USA in Miami, Florida sold for $2.5M in 2021. The building is 2,265 square feet, implying about 1.1K per square foot on the published price. Mikhail Mudrik, Daniel Tzinker, The Agency appear on the sale alongside The Agency. This page is the Miami, Florida file for the 801 South Miami Avenue, Miami, FL, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Miami sit in the Market section below. Filter that Miami commercial set by closing date to see what else sold near 801 South Miami Avenue, Miami, FL, USA around 2021. Published consideration for 801 South Miami Avenue, Miami, FL, USA is $2.5M, dated 2021. Cite this Glenn Oztemel Sells Condo In Miami For $2.5M sale when underwriting similar commercial product around Miami, Florida.
Players
Miami CRE Market Snapshot
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Deal FAQ
About $1.1K per square foot on a published $2.5M for 2,265 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93