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
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