Mercedes Benz Places Miami Sells Condo In Miami For $3,135,500 With Monica Martinez And Roberto Malca As Representatives
1133 Southwest 2nd Avenue
$3,135,500
$1,711/SF
Building Size
1,832 SF
Asset Type
Condo
Closing
Apr 30, 2025
About this deal
AI
The asset involved in the transaction is a condo located at 1133 Southwest 2nd Avenue in Miami. The sale price for the property was $3,135,500, and it encompasses an area of 1,832 square feet, resulting in a price per square foot of $1,711.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,135,500
- Address: 1133 Southwest 2nd Avenue
- Market: Miami
- Square Footage: 1,832
- Price Per Square Foot: $1,711
- Seller: Mercedes Benz Places Miami
- Buyer’s Representative: Roberto Malca - Cervera Real Estate
- Seller’s Representative: Monica Martinez - Serhant
- Date of Transaction: 05/01/2025
Roberto Malca represented the buyer in this transaction, while Monica Martinez served as the seller's representative. Both individuals are affiliated with their respective agencies, providing expertise in the closing of the sale.
On the Map
$3,135,500
$1,711/SF
Condo
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Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $3.1M for 1,832 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.06%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93