Jon Gabel Acquires Condo At E11even Residences Tower Two In Downtown Miami For $1.1M
SOLD
$1,092,988
Florida
See Similar DealsCommercial2,274 SF
Sold 02/09/2022
SOLD
Jon Gabel Acquires Condo At E11even Residences Tower Two In Downtown Miami For $1.1M
20 Northeast 11th Street, Miami, Florida 33132, United States
See Similar DealsCommercial2,274 SF
Sold 02/09/2022
Summary
FLORIDA
Asset Type:Commercial
Price Per Square Foot:$480
Total Square Footage:2,274 SF
Transaction Type:Sale
E11even Residences Tower Two, located at 20 NE 11th St in Downtown Miami, has been sold in a recent transaction. The property is a condo with a total area of 993 square feet. The sale price for this transaction was $1,092,988, resulting in a price per square foot of $1,101. The buyer of the property is Jon Gabel, while the seller is the PMG Group. The deal was facilitated by broker Diana Kosov from Related ISG Realty.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,092,988
- Square Footage: 993 sqft
- Address: E11even Residences Tower Two, 20 NE 11th St, Downtown Miami
- Market: Downtown Miami
Diana Kosov from Related ISG Realty played the role of the broker in this deal, representing the parties involved. It's worth noting that no additional information about the transaction was provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,292.70
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,181.32
Annual Debt Service$62,175.85
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