Lucy Hodson Acquires 3-Bedroom Condo In Miami For $1.5M
3131 Northeast 7th Avenue, Unit PH5202, Miami, FL 33137
$1,500,000
$918/SF
Building Size
1,634 SF
Asset Type
Condo
Closing
May 12, 2023
About this deal
AI
A condominium unit located at 3131 Northeast 7th Avenue in Miami has been sold for $1,500,000. The property features 3 bedrooms and 3.5 bathrooms, spanning a total area of 1,634 square feet. The sale price per square foot amounts to $918.
Summary of transaction details
- Property Type: Condo
- Sale Price: $1,500,000
- Square Footage: 1,634
- Price per Square Foot: $918
- Address: 3131 Northeast 7th Avenue, Miami
The buyer of the condominium is Lucy Hodson. Managing the sale on behalf of the buyer is Brandon Harnick from BMore Group, LLC. Talita Pinheiro from Compass acted as the seller's representative in the transaction.
On the Map
$1,500,000
$918/SF
Condo
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Miami Condo Market Snapshot
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Deal FAQ
About $918 per square foot on a published $1.5M for 1,634 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93