Anil Bhandari Acquires Edgewater Condo For $3.41M
650 NE 32nd St PH5201, Miami, FL 33137, USA
$3,415,500
$811/SF
Building Size
4,210 SF
Asset Type
Co-Op
Closing
Oct 28, 2022
About this deal
AI
A penthouse located at 650 NE 32nd St PH5201 in Edgewater has been sold for $3,415,500. The condo, spanning 4,210 square feet, was purchased by Anil Bhandari from the sellers, Javier Markosian and Cesar Alcaraz. The deal was facilitated by Andreina Zuccaro and Alejandra Castillo of PMG Residential LLC.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,415,500
- Property Address: 650 NE 32nd St PH5201
- Market: Edgewater
Andreina Zuccaro and Alejandra Castillo, representing PMG Residential LLC, acted as the brokers in this sale. The penthouse, with a price per square foot of $811, offers luxurious living in the desirable Edgewater neighborhood.
Players
Miami Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Deal FAQ
About $811 per square foot on a published $3.4M for 4,210 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.64%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93