Osmar Olivo Acquires Condo In Miami For $1,015,000
1600 Southwest 1st Avenue
$1,015,000
$751/SF
Building Size
1,351 SF
Asset Type
Condo
Closing
Jan 15, 2024
About this deal
AI
The condo located at 1600 Southwest 1st Avenue in Miami was sold for $1,015,000. Spanning 1,351 square feet, the property was transacted at a price per square foot of $751.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,015,000
- Buyer: Osmar Olivo
- Brokers: Ruben Chamorro & Amanda Salvato - Douglas Elliman
The sale was facilitated by Ruben Chamorro and Amanda Salvato from Douglas Elliman, representing the buyer Osmar Olivo in the real estate transaction.
The condo sale at 1600 Southwest 1st Avenue in Miami, Florida sold for $1M in 2024. The building is 1,351 square feet, implying about 751 per square foot on the published price. Ruben Chamorro, Amanda Salvato, Douglas Elliman appear on the sale alongside Douglas Elliman. This page is the Miami, Florida file for the 1600 Southwest 1st Avenue condo sold: pricing, party profiles, and other closed condo comps from the same Miami sit in the Market section below. Filter that Miami condo set by closing date to see what else sold near 1600 Southwest 1st Avenue around 2024. Published consideration for 1600 Southwest 1st Avenue is $1M, dated 2024. Cite this Osmar Olivo Acquires Condo In Miami For $1,015,000 sale when underwriting similar condo product around Miami, Florida.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $751 per square foot on a published $1M for 1,351 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93