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1300 Brickell Bay Drive

Alfredo Zolezzi Acquires Waterview Condo In Brickell Bay Drive For $1.042M
SOLDCondo

Alfredo Zolezzi Acquires Waterview Condo In Brickell Bay Drive For $1.042M

1300 Brickell Bay Drive

$1,042,000

$968/SF

Building Size

1,076 SF

Asset Type

Condo

Closing

Feb 15, 2024

AI

The property at 1300 Brickell Bay Drive in Miami, a charming Waterview condo, was recently sold for $1,042,000. Spanning 1,076 square feet, the condo commanded a price per square foot of $968. The seller initially purchased the condo for $755,000, marking an impressive 38% profit in less than two years.

Summary of transaction details:

In this successful real estate transaction, Alfredo Zolezzi acquired the Waterview condo. The deal was facilitated by selling representatives Moshe Biton from Capital Group Realty and Lena Zubkova from Apogee Realty. The sellers expressed their satisfaction with the sale and highlighted the significant profit made on the investment within a relatively short period.

Players

Lena Zubkova

Apogee Realty

Broker

$104.3M

vol

7 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

15.22%

Cash-on-Cash

-4.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93