Tartaglia International Realty Represents Buyer In $1.75M Miami Condo Sale
SOLD
Florida
See Similar DealsCondo1 SF
Sold 01/20/2023
SOLD
Tartaglia International Realty Represents Buyer In $1.75M Miami Condo Sale
480 NE 31st St 4206
See Similar DealsCondo1 SF
Sold 01/20/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,750,000
Total Square Footage:1 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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