Mario Vitale Acquires Condo On Brickell Bay Drive In Miami For $1.65M
SOLD
$1,650,000
Florida
See Similar DealsCondo1,730 SF
Sold 11/27/2023
SOLD
Mario Vitale Acquires Condo On Brickell Bay Drive In Miami For $1.65M
1331 Brickell Bay Drive
See Similar DealsCondo1,730 SF
Sold 11/27/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$953
Total Square Footage:1,730 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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