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20 Northeast 11th Street, M...

Jon Gabel Acquires Condo At E11even Residences Tower Two In Downtown Miami For $1.1M
SOLDCommercial

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

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.

Players

Jacqueline Pirkle

Sotheby's International Realty

Broker

$23.2M

vol

5 deals

Broker

Miami Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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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