Baccarat Residences Miami Sells Condo At 444 Brickell Avenue For $5.65M With Brokers Garzon And Camara
444 Brickell Avenue
$5,650,000
$1,532/SF
Building Size
3,688 SF
Asset Type
Condo
Closing
Aug 9, 2024
AI
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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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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93