facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

1451 Brickell Avenue

Phil Grove Acquires Condo At 1451 Brickell Avenue From Kevin And Mariana Kreisler For $3.3M
SOLDCondo

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.

Players

Isaac Malagon

One Sotheby’s International Realty

Broker

$148.6M

vol

13 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93