Mercedes-Benz Places Sells Condo In Miami For $2.795M With Monica Martinez And Brenda Corona As Reps
SOLD
$2,795,500
Florida
See Similar DealsCondo1,718 SF
Sold 04/28/2025
SOLD
Mercedes-Benz Places Sells Condo In Miami For $2.795M With Monica Martinez And Brenda Corona As Reps
1133 Southwest 2nd Avenue
See Similar DealsCondo1,718 SF
Sold 04/28/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,627
Total Square Footage:1,718 SF
Transaction Type:Sale
The property asset involved in this transaction is a condo located at 1133 Southwest 2nd Avenue in the Miami market. The sale price for this asset was $2,795,500, encompassing an area of 1,718 square feet, resulting in a price per square foot of $1,627.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,795,500
- Address: 1133 Southwest 2nd Avenue
- Market: Miami
- Square Footage: 1,718
- Price per Square Foot: $1,627
- Seller: Mercedes-Benz Places | Miami
- Buyer's Representative: Brenda Corona - 195 Real Estate Florida
- Seller's Representative: Monica Martinez - Serhant
This transaction highlights the involvement of key individuals, including Brenda Corona, who represented the buyer in this deal, and Monica Martinez, who served as the seller's representative. Both parties played significant roles in concluding this sale within the competitive Miami real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,093.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,931.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,252.10
Annual Debt Service$159,025.15
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