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

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SOLD
$3,510,000

Florida

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Condo2,700 SF
Sold 08/02/2024
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Property Image
SOLD

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

2127 Brickell Avenue

See Similar Deals
Condo2,700 SF
Sold 08/02/2024
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,300
Total Square Footage:2,700 SF
Transaction Type:Sale

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
7 deals$15.5M volume(305) 608-5605
BROKER

Jill Balli
Sotheby's International Realty
2 deals$10.3M volume
BROKER

Details

SOLD
IMAGE: Cecilia Hinojosa & Jill Balli DATE: 08/01/2024 ADDRESS: 2127 Brickell Avenue MARKET: Miami ASSET TYPE: Condo BUYER'S REP: Cecilia Hinojosa (@Hinojosaceci) - The Corcoran Group (@TheCorcoranGroup) SELLER'S REP: Jill Balli (@JillBallirealestate) - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $3,510,000 SF: 2,700 ~ PPSF: $1,300 NOTE FROM BUYER'S REP: Sold at Highest price per sq ft in Bristol Tower

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$187,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,470.29
Cash-on-Cash Return-1.27%
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