Newgard Development Group Sells Brickell Condo For $4.7M With Broker Eyal Melamed
SOLD
$4,700,000
Florida
See Similar Deals3,900 SF
Sold 10/11/2022
SOLD
Newgard Development Group Sells Brickell Condo For $4.7M With Broker Eyal Melamed
98 Southwest 6th Street, Miami, Florida 33135, United States
See Similar Deals3,900 SF
Sold 10/11/2022
Summary
FLORIDA
Price Per Square Foot:$1,205
Total Square Footage:3,900 SF
Transaction Type:Sale
A pre-construction condo unit located at 98 SW 6th St in Lofty Brickell in the Brickell, FL market has been sold for a price of $4,700,000. The unit spans 3,900 square feet, resulting in a price per square foot of $1,205. It is identified as unit 5 with a price per unit of $940,000.
Summary of transaction details
- Property Type: Condo (Pre-construction)
- Transaction Amount: $4,700,000
- Address: 98 SW 6th St - Lofty Brickell, Brickell, FL
- Market: Brickell, FL
- Seller: Newgard Development Group
- Broker: Eyal Melamed - Nadlan in Miami - Isram Realty
- Square Footage: 3,900
- Price per Square Foot: $1,205
- Unit: 5
- Price per Unit: $940,000
Eyal Melamed from Nadlan in Miami represented the seller, Newgard Development Group, in this transaction. Nadlan in Miami specializes in both multi-family investments and pre-construction deals. For more information, please reach out to their team.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
Is there something missing? Send suggestions