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1428 Brickell Avenue

Luca Barbetti Purchases Condo From The Residences At 1428 Brickell For $8.7M
SOLDCondo

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:

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

Lukas Andrea Foiani

AFS Living

Broker

$98.1M

vol

9 deals

Broker

Luca Barbetti

The Residences at 1428 Brickell

Buyer

$8.7M

vol

1 deal

Buyer
The Residences at 1428 Brickell
The Residences at 1428 BrickellSeller

Miami 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

1.82%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93