Related Group & Integra Investments Sell Condo On Brickell Avenue In Miami For $3.52M
SOLD
$3,520,000
Florida
See Similar DealsCondo2,616 SF
Sold 06/21/2023
SOLD
Related Group & Integra Investments Sell Condo On Brickell Avenue In Miami For $3.52M
1809 Brickell Ave Miami, FL 33129, USA
See Similar DealsCondo2,616 SF
Sold 06/21/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,345
Total Square Footage:2,616 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 1809 Brickell Avenue in Miami. The property was sold by Related Group & Integra Investments for a price of $3,520,000. The condo has a total square footage of 2,616, resulting in a price per square foot of $1,346.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,520,000
- Square Footage: 2,616
- Price per Square Foot: $1,346
- Seller: Related Group & Integra Investments
- Buyer's Representative: Mikhail Mudrik - The Agency
Mikhail Mudrik of The Agency represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$187,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,505.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,686.60
Annual Debt Service$200,239.15
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