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480 Northeast 31st Street

David Michaels Purchases Condo At 480 Northeast 31st Street Unit 4207 For $1.27M
SOLDCondo

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

Cecilia Hinojosa

Douglas Elliman

Broker

$15.5M

vol

7 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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