Gregory Kiley Sells Condo At 1451 Brickell Avenue For $33 Million With Broker Stephan Hermida
SOLD
$33,000,000
Florida
See Similar DealsCondo11,068 SF
Sold 10/21/2024
SOLD
Gregory Kiley Sells Condo At 1451 Brickell Avenue For $33 Million With Broker Stephan Hermida
1451 Brickell Avenue
See Similar DealsCondo11,068 SF
Sold 10/21/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,981
Total Square Footage:11,068 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,759,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03
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