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650 Northeast 32nd Street

Gerhard Erasmus Leases Condo In Miami To Laura Win Through Reps Laurent Bourgade & Ali Boussoffara
LEASEDCondo

Gerhard Erasmus Leases Condo In Miami To Laura Win Through Reps Laurent Bourgade & Ali Boussoffara

650 Northeast 32nd Street

$10

$10/SF

Building Size

2,848 SF

Asset Type

Condo

Closing

Oct 16, 2023

AI

The property involved in this lease transaction is a condominium located at 650 Northeast 32nd Street in Miami. The condo spans a total area of 2,848 square feet.

Summary of transaction details

  • Property Type: Condo
  • Transaction Date: 10/16/2023
  • Address: 650 Northeast 32nd Street, Miami
  • Asking Rent: $30,000/Month
  • Square Footage: 2,848

Buccara Miami Paraiso, represented by Gerhard Erasmus, is the landlord in this lease agreement. On the other hand, Laura Win is the tenant in this transaction. Laurent Bourgade from Sterling Equity Realty serves as the landlord's representative, while Ali Boussoffara from London Foster Realty represents the tenant.

Players

Ali Boussoffara

London Foster Realty

Broker

1 deal

Broker

Market Condo Market Snapshot

Boundary boundary · Condo · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1586300.00%

Cash-on-Cash

-453369.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93