Baccarat Residences Miami Sells Condo At 444 Brickell Avenue For $5.65M With Brokers Garzon And Camara
SOLD
$5,650,000
Florida
See Similar DealsCondo3,688 SF
Sold 08/09/2024
SOLD
Baccarat Residences Miami Sells Condo At 444 Brickell Avenue For $5.65M With Brokers Garzon And Camara
444 Brickell Avenue
See Similar DealsCondo3,688 SF
Sold 08/09/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,532
Total Square Footage:3,688 SF
Transaction Type:Sale
The property asset involved in this transaction is a condo located at 444 Brickell Avenue Unit 4501 in Miami. It was sold for $5,650,000 and has a total square footage of 3,688, which translates to a price per square foot of $1,531.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,650,000
- Square Footage: 3,688
- Sale Price per Square Foot: $1,531
- Address: 444 Brickell Avenue Unit 4501
- Market: Miami
- Seller: Baccarat Residences Miami
- Brokers: Eva Garzon & Sebastian Camara - The Grand Lion Real Estate Group
Eva Garzon and Sebastian Camara represented the broker side of the deal through their agency, The Grand Lion Real Estate Group. The transaction indicates a successful transfer of ownership within the competitive Miami market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$301,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,073.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,783.88
Annual Debt Service$321,406.59
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