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18 Northwest 11th Street Un...

Ryan Shear Sells 18 Condo Units In Miami For $11.7M With Cozza Realty Group
SOLDCondo

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

Brad Cozza

Cozza Investment Group

Broker

$368.2M

vol

14 deals

Broker
Ryan Shear

Ryan Shear

Seller

$1B

vol

15 deals

Seller

Market 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

1.36%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93