Mercedes Benz Places Miami Sells Condo In Miami For $3,135,500 With Monica Martinez And Roberto Malca As Representatives
SOLD
$3,135,500
Florida
See Similar DealsCondo1,832 SF
Sold 04/30/2025
SOLD
Mercedes Benz Places Miami Sells Condo In Miami For $3,135,500 With Monica Martinez And Roberto Malca As Representatives
1133 Southwest 2nd Avenue
See Similar DealsCondo1,832 SF
Sold 04/30/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,711
Total Square Footage:1,832 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$167,226.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,139.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,863.87
Annual Debt Service$178,366.44
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