David Michaels Purchases Condo At 480 Northeast 31st Street Unit 4207 For $1.27M
480 Northeast 31st Street
$1,270,000
$774/SF
Building Size
1,639 SF
Asset Type
Condo
Closing
Dec 18, 2025
AI
The asset involved in the transaction is a condo located at 480 Northeast 31st Street Unit 4207 in the Miami market. The sale price of the property was $1,270,000, with a total area of 1,639 square feet, resulting in a price per square foot of $774.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,270,000
- Address: 480 Northeast 31st Street Unit 4207
- Market: Miami
- Square Footage: 1,639
- Price Per Square Foot: $774
- Buyer: David Michaels
- Broker: Cecilia Hinojosa - Douglas Elliman
The transaction was facilitated by broker Cecilia Hinojosa, who represented the buyer, David Michaels, during the sale process. The involvement of a well-established agency, Douglas Elliman, highlights the professional support provided in this real estate deal.
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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93