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
About this deal
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:
- Property Type: Condo
- Transaction Amount: $1,042,000
- Address: 1300 Brickell Bay Drive, Miami
- Square Footage: 1,076
- Buyer: Alfredo Zolezzi
- Seller's Representative: Moshe Biton - Capital Group Realty; Lena Zubkova - Apogee Realty
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.
On the Map
$1,042,000
$968/SF
Condo
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Miami Condo Market Snapshot
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Deal FAQ
About $968 per square foot on a published $1M for 1,076 square feet (2024).
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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