Mercedes-Benz Places Sells Condo In Miami For $2.795M With Monica Martinez And Brenda Corona As Reps
1133 Southwest 2nd Avenue
$2,795,500
$1,627/SF
Building Size
1,718 SF
Asset Type
Condo
Closing
Apr 28, 2025
About this deal
AI
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.
On the Map
$2,795,500
$1,627/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $2.8M for 1,718 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93