Trevor Silver Acquires Miami Condo On Brickell Avenue For $1.65M
1060 Brickell Avenue
$1,651,000
$653/SF
Building Size
2,525 SF
Asset Type
Condo
Closing
Mar 31, 2023
AI
The recently closed property transaction on 1060 Brickell Avenue Unit 4505 in Miami has garnered significant attention. The condo, spanning 2,525 square feet, was sold for an impressive $1,651,000, at a price per square foot of $654.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,651,000
- Square Footage: 2,525
- Address: 1060 Brickell Avenue Unit 4505
- Market: Miami
Trevor Silver emerges as the buyer in this deal, while Charles Wendel takes on the role of the seller. Facilitating the transaction were Elke Johnson and Dean Bloch from Douglas Elliman, representing the buyer and seller, respectively.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93