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3131 Northeast 7th Avenue, ...

Keiti Silva, Peter Ancona & Sirlei Arnt Close $7.85M Condo Sale On Northeast 7th Avenue, Miami
SOLDCondo

Keiti Silva, Peter Ancona & Sirlei Arnt Close $7.85M Condo Sale On Northeast 7th Avenue, Miami

3131 Northeast 7th Avenue, Unit PH5202, Miami, FL 33137

$7,850,000

$4,804/SF

Building Size

1,634 SF

Asset Type

Condo

Closing

Jun 26, 2023

AI

A luxury condo located at 3131 Northeast 7th Avenue in Miami has been recently sold. The property, spanning 5,721 square feet, was listed at a sale price of $7,850,000. This spacious condo offers a desirable living space in a prime location.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,850,000
  • Square Footage: 5,721
  • Price per Square Foot: $1,372
  • Address: 3131 Northeast 7th Avenue, Miami

Leading the transaction, the buyer’s representative was Keiti Silva from RE/MAX 360 Real Estate. On the other hand, Peter Ancona and Sirlei Arnt of London Foster Realty represented the sellers. This successful deal was facilitated by these experienced real estate professionals, ensuring a smooth transaction for both parties involved.

Players

Keiti Silva

Cervera Real Estate

Broker

$158.4M

vol

9 deals

Broker

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

2.02%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93