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1133 Southwest 2nd Avenue

Mercedes-Benz Places Sells Condo In Miami For $2.795M With Monica Martinez And Brenda Corona As Reps
SOLDCondo

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

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.

Players

BRENDA CORONA

Broker

$5M

vol

2 deals

Broker

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

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93