Mario Vitale Acquires Condo On Brickell Bay Drive In Miami For $1.65M
1331 Brickell Bay Drive
$1,650,000
$953/SF
Building Size
1,730 SF
Asset Type
Condo
Closing
Nov 27, 2023
AI
A condo located at 1331 Brickell Bay Drive in Miami has been sold in a recent transaction. The property spans approximately 1,730 square feet and was sold for a price of $1,650,000. The selling price reflects a per square foot value of $954. The sale took place on November 27, 2023.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $1,650,000
- Address: 1331 Brickell Bay Drive, Miami
- Square Footage: 1,730
The buyer of the condo is Mario Vitale, while Guillermo Wright acted as the seller. Gershon Adjaye, representing Keller Williams, served as the buyer's representative in the deal. Ricardo J. Arosemena, from CasaMagna Realty, represented the seller. No additional information about the individuals involved in the transaction is available.
Players
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93