Gary Ayer Purchases Condo At 279 Northwest 50th Street Miami For $2.32M With Brokers Batchelor & Trotter
279 Northwest 50th Street
$2,320,000
$1,065/SF
Building Size
2,177 SF
Asset Type
Condo
Closing
Sep 10, 2024
About this deal
AI
The property involved in this transaction is a condo located at 279 Northwest 50th Street Unit A & B in the Miami market. The condo has a sale price of $2,320,000 and encompasses a total of 2,177 square feet, resulting in a price per square foot of $1,065.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,320,000
- Address: 279 Northwest 50th Street Unit A & B
- Market: Miami
- Square Footage: 2,177
- Price Per Square Foot: $1,065
- Buyer: Gary Ayer
- Brokers: Nancy Batchelor, Carolyn Batchelor & Hayden Trotter - Compass
The deal was facilitated by the brokers Nancy Batchelor, Carolyn Batchelor, and Hayden Trotter, who represent the buyer in this transaction. Their involvement highlights the collaborative effort required in real estate transactions of this nature.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $2.3M for 2,177 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.84%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93