SOLD
Mae Gutierrez & Patricia Mejia Acquire Package Deal On 1060 Brickell Ave In Miami For $2.3M
1060 Brickell Avenue, Miami, Florida 33131, United States
$2,335,000
$424/SF
Building Size
5,500 SF
Asset Type
—
Closing
Dec 15, 2021
About this deal
AI
The package deal at 1060 Brickell Ave in Miami has been sold for $2,335,000. The property spans 5,500 square feet, resulting in a price per square foot of $425.
Summary of transation details
- Property Type: Package Deal
- Transaction Amount: $2,335,000
- Address: 1060 Brickell Ave
- Market: Miami
- Buyer: Mae Gutierrez & Patricia Mejia
- Seller: Julian Gutierrez
- Broker: Eva Garzon - The Grand Lion Real Estate Group
- Square Footage: 5,500
- Price per Square Foot: $425
- Date: 12/16/2021
Eva Garzon from The Grand Lion Real Estate Group represented the buyer and seller in this transaction.
Players
Miami CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.79%
Cash-on-Cash
-1.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93