facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

1420 S Miami Ave Miami, FL ...

Reese Cenelli Acquires Cipriani Residences Condo In Miami For $6.7M
SOLDCondo

Reese Cenelli Acquires Cipriani Residences Condo In Miami For $6.7M

1420 S Miami Ave Miami, FL 33130, USA

$6,700,000

$1,864/SF

Building Size

3,594 SF

Asset Type

Condo

Closing

Aug 18, 2023

AI

A condominium unit located at 1420 South Miami Avenue in Miami has recently been sold. The property, spanning 3,594 square feet, was sold for a total price of $6,700,000. The sale price per square foot for this transaction was $1,864. The seller of the condo was Cipriani Residences, while the buyer was Reese Cenelli. The deal was facilitated by Jacqueline Pirkle of Sotheby's International Realty, acting as the broker for both parties involved.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $6,700,000
  • Address: 1420 South Miami Avenue, Miami
  • Square Footage: 3,594
  • Price Per Square Foot: $1,864
  • Seller: Cipriani Residences
  • Buyer: Reese Cenelli
  • Broker: Jacqueline Pirkle - Sotheby's International Realty

This transaction showcases the involvement of Jacqueline Pirkle from Sotheby's International Realty as the broker representing both the buyer and the seller. The deal presents an opportunity for Reese Cenelli to acquire a desirable condominium unit in Miami's market, while Cipriani Residences successfully sold their property through this transaction.

Players

Jacqueline Pirkle

Sotheby's International Realty

Broker

$23.2M

vol

5 deals

Broker

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93