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2127 Brickell Avenue

Cecilia Hinojosa Of The Corcoran Group Represents Buyer In $3.51M Sale Of Miami Condo
SOLDCondo

Cecilia Hinojosa Of The Corcoran Group Represents Buyer In $3.51M Sale Of Miami Condo

2127 Brickell Avenue

$3,510,000

$1,300/SF

Building Size

2,700 SF

Asset Type

Condo

Closing

Aug 2, 2024

AI

A condo located at 2127 Brickell Avenue, Miami has been sold for $3,510,000. The property features 2,700 square feet, resulting in a price per square foot of $1,300. This transaction achieved the highest price per square foot in the Bristol Tower.

Summary of transaction details:

The transaction was facilitated by Cecilia Hinojosa representing the buyer through The Corcoran Group and Jill Balli representing the seller via Sotheby's International Realty.

Players

Cecilia Hinojosa

Douglas Elliman

Broker

$15.5M

vol

7 deals

Broker

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

4.52%

Cash-on-Cash

-1.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93