Gregory Kiley Sells Condo At 1451 Brickell Avenue For $33 Million With Broker Stephan Hermida
1451 Brickell Avenue
$33,000,000
$2,981/SF
Building Size
11,068 SF
Asset Type
Condo
Closing
Oct 21, 2024
About this deal
AI
The property asset involved in the transaction is a condo located at 1451 Brickell Avenue PH56 in the Miami market. The sale price recorded for this property is $33,000,000, with a total square footage of 11,068, resulting in a price per square foot of $2,981.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $33,000,000
- Seller: Gregory Kiley
- Broker: Stephan Hermida - Engel & Völkers Miami
- Sale Date: 10/21/2024
- Market: Miami
- Square Footage: 11,068
- Price Per Square Foot: $2,981
The deal involved broker Stephan Hermida representing Engel & Völkers Miami, a global luxury real estate firm known for its extensive network of over 1,000 offices worldwide. This transaction marks Miami's highest condo sale recorded at $33,000,000, adding to the firm’s reputation for delivering expertise and service in the luxury market.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3K per square foot on a published $33M for 11,068 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93