Ryan Shear Sells 18 Condo Units In Miami For $11.7M With Cozza Realty Group
18 Northwest 11th Street Unit(s) 3510, 2108, 3409, 2915, 2716, 2216, 4110, 4310, 2703, 4009, 3109, 3708, 4210, 2918, 4008, 4010 & 3110
$11,650,608
$1,414/SF
Building Size
8,235 SF
Asset Type
Condo
Closing
Apr 14, 2023
AI
A condo in Miami was recently sold for a total of $11,650,608. The property, located at 18 Northwest 11th Street, consists of multiple units, specifically units 3510, 2108, 3409, 2915, 2716, 2216, 4110, 4310, 2703, 4009, 3109, 3708, 4210, 2918, 4008, 4010, and 3110. With a total square footage of 8,235, the price per square foot amounts to $1,415.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $11,650,608
- Address: 18 Northwest 11th Street Unit(s) 3510, 2108, 3409, 2915, 2716, 2216, 4110, 4310, 2703, 4009, 3109, 3708, 4210, 2918, 4008, 4010 & 3110
- Market: Miami
The seller of the condo was Ryan Shear. The deal was facilitated by the following brokers: Brad Cozza, Belen Capaccio, Lukas Escobar, and Wendy Sanchez PA, all of whom are associated with Cozza Realty Group.
Players
Market 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93