Luca Barbetti Purchases Condo From The Residences At 1428 Brickell For $8.7M
1428 Brickell Avenue
$8,700,000
$1,933/SF
Building Size
4,500 SF
Asset Type
Condo
Closing
Aug 1, 2026
AI
The property involved in this transaction is a condo located at 1428 Brickell Avenue in Miami. The sale price for the asset was $8,700,000, encompassing a total area of 4,500 square feet, which calculates to a price per square foot of $1,933.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,700,000
- Address: 1428 Brickell Avenue
- Market: Miami
- Square Footage: 4,500
- Price per Square Foot: $1,933
- Buyer: Luca Barbetti
- Seller: The Residences at 1428 Brickell
- Buyer's Representative: Lukas Andrea Foiani - AFS Living
- Seller's Representative: Scott Lamoreaux - Cervera Real Estate
The deal was facilitated by Lukas Andrea Foiani from AFS Living representing the buyer, Luca Barbetti, and Scott Lamoreaux from Cervera Real Estate representing the seller, The Residences at 1428 Brickell. Their involvement was crucial in completing this transaction in the Miami real estate market.
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
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93