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Baccarat Residences Miami Sells Condo At 444 Brickell Avenue For $5.65M With Brokers Garzon And Camara

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SOLD
$5,650,000

Florida

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Condo3,688 SF
Sold 08/09/2024
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Property Image
SOLD

Baccarat Residences Miami Sells Condo At 444 Brickell Avenue For $5.65M With Brokers Garzon And Camara

444 Brickell Avenue

See Similar Deals
Condo3,688 SF
Sold 08/09/2024
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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:

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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27 deals$313M volume(305) 766-5979
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Details

SOLD
IMAGE: Sebastian Camara & Eva Garzon DATE: 08/09/2024 ADDRESS: 444 Brickell Avenue Unit 4501 MARKET: Miami ASSET TYPE: Condo SELLER: Baccarat Residences Miami (@BaccaratMiami_Official) BROKERS: Eva Garzon (@EvaGarzon_) & Sebastian Camara (@SebastianCamara) - The Grand Lion Real Estate Group (@TheGrandlion_RE) SALE PRICE: $5,650,000 SF: 3,688 ~ PPSF: $1,531

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Deal Type
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
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