David Michaels Purchases Condo At 480 Northeast 31st Street Unit 4207 For $1.27M
SOLD
$1,270,000
Florida
See Similar DealsCondo1,639 SF
Sold 12/19/2025
SOLD
David Michaels Purchases Condo At 480 Northeast 31st Street Unit 4207 For $1.27M
480 Northeast 31st Street
See Similar DealsCondo1,639 SF
Sold 12/19/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$774
Total Square Footage:1,639 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,512.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,020.45
Annual Debt Service$72,245.38
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