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1133 Southwest 2nd Avenue

Mercedes Benz Places Miami Sells Condo In Miami For $3,135,500 With Monica Martinez And Roberto Malca As Representatives
SOLDCondo

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

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.

Players

Roberto Malca

Cervera Real Estate

Broker

$8.6M

vol

2 deals

Broker
Serhant
SerhantBrokerage

Miami 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

5.06%

Cash-on-Cash

-1.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93