John And Gloria Gebbia Living Trust Acquires Miami Condo For $2.3M
SOLD
$2,300,000
Florida
See Similar DealsCondo2,018 SF
Sold 12/28/2023
SOLD
John And Gloria Gebbia Living Trust Acquires Miami Condo For $2.3M
488 Northeast 18th Street
See Similar DealsCondo2,018 SF
Sold 12/28/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,139
Total Square Footage:2,018 SF
Transaction Type:Sale
A condo located at 488 Northeast 18th Street in Miami has been sold in a recent transaction. The property was sold by Spade Venture Trust - Hannoch Guttman to the buyers, John And Gloria Gebbia Living Trust.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,300,000
- Square Footage: 2,018 SF
- Price per Square Foot: $1,140
- Asking Price: $2,547,000
- Market: Miami
The buyers were represented by Eli Soto from Luxe Living Realty, while the sellers were represented by their own trust, Spade Venture Trust - Hannoch Guttman.
Players
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
Is there something missing? Send suggestions
