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2700 Northwest 2nd Avenue #...

Related Group Sells Condos In Miami To Buyer's Rep Kevin Rutois - Rutois International Realty
SOLDCondo

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

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.

Players

Kevin Rutois

Broker

$4.9M

vol

1 deal

Broker
Related Group
Related GroupSeller
Related Group
Related GroupLender

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