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2700 Northwest 2nd Avenue #...

Brad Cozza Acquires Condo In Miami For $1.2M With Cozza Realty Group Inc As His Representative
SOLDCondo

Brad Cozza Acquires Condo In Miami For $1.2M With Cozza Realty Group Inc As His Representative

2700 Northwest 2nd Avenue #234,Miami,Florida & 2700 Northwest 2nd Avenue #239, Miami,Florida

$1,200,000

$600/SF

Building Size

2,000 SF

Asset Type

Condo

Closing

Mar 8, 2023

AI

The condo located at 2700 Northwest 2nd Avenue in Miami has been sold in a recent transaction. The property, spanning 1,000 square feet, was purchased by Brad Cozza for a total price of $1,200,000, resulting in a price per square foot of $1,200. The seller, Jon Paul Perez, enlisted the services of Brad Cozza and Lukas Escobar from Cozza Realty Group Inc as the buyer's representatives in the deal.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,200,000
  • Address: 2700 Northwest 2nd Avenue
  • Market: Miami

This transaction showcases the successful collaboration between Brad Cozza, the buyer, and Cozza Realty Group Inc, who acted as the buyer's representatives. With their expertise, they facilitated the purchase of the condo at 2700 Northwest 2nd Avenue, ensuring a smooth and efficient transaction process.

Players

Brad Cozza

Cozza Investment Group

Broker

$368.2M

vol

14 deals

Broker

Jon Paul Perez

Related Group

Seller

$114.1M

vol

4 deals

Seller

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93