St. Regis Brickell Residences Sells Condo In Miami For $5.52M With Broker Mikhail Mudrik
SOLD
$5,520,000
Florida
See Similar DealsCondo2,920 SF
Sold 08/01/2024
SOLD
St. Regis Brickell Residences Sells Condo In Miami For $5.52M With Broker Mikhail Mudrik
1809 Brickell Avenue
See Similar DealsCondo2,920 SF
Sold 08/01/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,890
Total Square Footage:2,920 SF
Transaction Type:Sale
The property asset involved in the transaction is a condo located at 1809 Brickell Avenue in Miami. It features a total square footage of 2,920 and was sold for a price of $5,520,000, translating to a price per square foot of $1,890.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,520,000
- Square Footage: 2,920
- Price per Square Foot: $1,890
- Address: 1809 Brickell Avenue
- Market: Miami
- Seller: St. Regis Brickell Residences
- Broker: Mikhail Mudrik - The Agency
The deal was represented by Mikhail Mudrik from The Agency, acting on behalf of the seller, St. Regis Brickell Residences. This transaction reflects a significant movement in the Miami real estate market, showcasing the active involvement of professional brokerage services in high-value condo sales.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$294,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,611.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,167.62
Annual Debt Service$314,011.39
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