Mikhail Mudrik Of The Agency Represents Buyer In $4.5M Condo Sale In Miami
SOLD
$4,500,000
Florida
See Similar DealsCondo3,000 SF
Sold 09/27/2024
SOLD
Mikhail Mudrik Of The Agency Represents Buyer In $4.5M Condo Sale In Miami
480 Northeast 31st Street
See Similar DealsCondo3,000 SF
Sold 09/27/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,500
Total Square Footage:3,000 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 480 Northeast 31st Street, Miami. The sale price for the property was $4,500,000. It has a total square footage of 3,000, resulting in a price per square foot of $1,500.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,500,000
- Square Footage: 3,000
- Price Per Square Foot: $1,500
- Buyer's Representative: Mikhail Mudrik - The Agency
- Seller's Representative: Adam Redolfi - ALURE Capital
This transaction marks a record sales price in the history of the Paraiso District, highlighting its significance in the local real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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