Edward Orlando Purchases Condo In Miami For $1.125M With Seller's Rep Carolyn Batchelor & Nancy Batchelor
2900 Northeast 7th Avenue
$1,125,000
$989/SF
Building Size
1,137 SF
Asset Type
Condo
Closing
Oct 30, 2024
AI
The property involved in this transaction is a condo located at 2900 Northeast 7th Avenue Unit 3503 in the Miami market. The asset was sold for $1,125,000, encompassing a total square footage of 1,137 with a price per square foot of $989.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,125,000
- Address: 2900 Northeast 7th Avenue Unit 3503
- Market: Miami
- Square Footage: 1,137
- Price Per Square Foot: $989
- Buyer: Edward Orlando
- Seller's Representative: Carolyn Batchelor & Nancy Batchelor - Compass
The deal involved Edward Orlando as the buyer, with the representatives from Compass, Carolyn Batchelor and Nancy Batchelor, acting on behalf of the seller in this transaction.
Players
Miami 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93