Hammond Hanan Purchases Condo From St. Regis Brickell Residences In Miami For $6.09M
1809 Brickell Avenue
$6,090,000
$2,038/SF
Building Size
2,987 SF
Asset Type
Condo
Closing
Aug 1, 2024
About this deal
AI
A condo located at 1809 Brickell Avenue in the Miami market was sold for a transaction price of $6,090,000. The property encompasses a total area of 2,987 square feet, translating to a price per square foot of $2,038. The seller of this asset was St. Regis Brickell Residences.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,090,000
- Square Footage: 2,987
- Price Per Square Foot: $2,038
- Address: 1809 Brickell Avenue
- Market: Miami
- Buyer: Hammond Hanan
- Seller: St. Regis Brickell Residences
- Broker: Selen Medwin - Compass
The deal involved Hammond Hanan as the buyer, with Selen Medwin from Compass representing the seller. The transaction was noted for the involvement of a well-known residential brokerage that facilitated the sale of this high-value property in the Miami area.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2K per square foot on a published $6.1M for 2,987 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93