Phil Grove Acquires Condo At 1451 Brickell Avenue From Kevin And Mariana Kreisler For $3.3M
1451 Brickell Avenue
$3,300,000
$1,572/SF
Building Size
2,099 SF
Asset Type
Condo
Closing
Dec 27, 2024
AI
The property asset involved in this transaction is a condo located at 1451 Brickell Avenue LPH 5201 in Miami. The sale was concluded for a price of $3,300,000, and the condo has a total square footage of 2,099. The price per square foot is recorded at $1,572.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,300,000
- Address: 1451 Brickell Avenue LPH 5201
- Market: Miami
- Square Footage: 2,099
- Price per Square Foot: $1,572
- Buyer: Phil Grove
- Seller: Kevin Kreisler & Mariana Kreisler
- Broker: Isaac Malagon - Compass
This transaction highlights the engagement of key individuals, including buyer Phil Grove and sellers Kevin Kreisler & Mariana Kreisler. Isaac Malagon from Compass represented the broker in this deal, facilitating the exchange between the parties involved.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93