Tartaglia International Realty Represents Buyer In $1.75M Miami Condo Sale
480 NE 31st St 4206
$1,750,000
$1,750,000/SF
Building Size
1 SF
Asset Type
Condo
Closing
Jan 20, 2023
About this deal
AI
This condo located at 480 Northeast 31st Street in Miami was recently sold for $1,750,000. The property spans 1,871 square feet and has a price per square foot of $935. The transaction took place on January 20, 2023.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,750,000
- Address: 480 Northeast 31st Street
- Market: Miami
- Square Footage: 1,871
- Price Per Square Foot: $935
The buyer was represented by Silvio Suárez from Tartaglia International Realty, while the seller was represented by Christina Allen and Betsy Alvarez from ONE Sotheby’s Realty.
Players
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93