Nathan Shore Of Douglas Elliman Represents Buyer In $2.1M Sale Of Brickell Condo
SOLD
$2,100,000
Florida
See Similar DealsCondo1,625 SF
Sold 02/14/2025
SOLD
Nathan Shore Of Douglas Elliman Represents Buyer In $2.1M Sale Of Brickell Condo
1451 Brickell Avenue
See Similar DealsCondo1,625 SF
Sold 02/14/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,292
Total Square Footage:1,625 SF
Transaction Type:Sale
A condo located at 1451 Brickell Avenue Unit 4002 in Miami has been sold with a sale price of $2,100,000. The unit encompasses a total square footage of 1,625, leading to a price per square foot of $1,292.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,100,000
- Square Footage: 1,625
- Price per Square Foot: $1,292
- Buyer’s Representative: Nathan Shore - Douglas Elliman
- Seller’s Representative: Luis Duarte - Berkshire Hathaway HomeServices
- Transaction Date: 02/14/2025
Nathan Shore represented the buyer in this transaction while Luis Duarte represented the seller. Both are affiliated with well-known real estate agencies in the Miami market, contributing to the successful close of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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