Updated Oct 28, 2024
Jon Gabel Acquires Condo At E11even Residences Tower Two In Downtown Miami For $1.1M
20 Northeast 11th Street, Miami, Florida 33132, United States
$1,092,988
$480/SF
Building Size
2,274 SF
Asset Type
Commercial
Closing
Feb 8, 2022
About this deal
AI
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.
On the Map
$1,092,988
$480/SF
Commercial
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Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Deal FAQ
About $480 per square foot on a published $1.1M for 2,274 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.51%
Cash-on-Cash
-4.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93