St. Regis Brickell Residences Sells Condo In Miami For $5.52M With Broker Mikhail Mudrik
1809 Brickell Avenue
$5,520,000
$1,890/SF
Building Size
2,920 SF
Asset Type
Condo
Closing
Aug 1, 2024
AI
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.
Players
Miami 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
2.87%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93