Related Group Sells Condos In Miami To Buyer's Rep Kevin Rutois - Rutois International Realty
2700 Northwest 2nd Avenue #234,Miami,Florida
$4,897,500
$4,897/SF
Building Size
1,000 SF
Asset Type
Condo
Closing
Jan 31, 2023
About this deal
AI
The property involved in this closed transaction is a condo located at 2700 Northwest 2nd Avenue in Miami. The property was sold by Related Group for a total sale price of $4,897,500. The transaction included multiple units with a total square footage of 3,415. The price per square foot for the units was $1,434.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,897,500
- Total SF: 3,415
- PPSF: $1,434
The buyer's representative in this deal was Kevin Rutois from Rutois International Realty. Meanwhile, Raquel Dominguez from Fortune International Realty represented the seller, Related Group.
On the Map
$4,897,500
$4,897/SF
Condo
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Players
Market 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93