Trevor Silver Acquires Miami Condo On Brickell Avenue For $1.65M
SOLD
Florida
See Similar DealsCondo2,525 SF
Sold 03/31/2023
SOLD
Trevor Silver Acquires Miami Condo On Brickell Avenue For $1.65M
1060 Brickell Avenue
See Similar DealsCondo2,525 SF
Sold 03/31/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$653
Total Square Footage:2,525 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,053.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,865.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,826.58
Annual Debt Service$93,918.99
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