Alexis Rosen Acquires Miami Condo For $1.58M
SOLD
$1,575,000
Florida
See Similar DealsCondo1,819 SF
Sold 04/23/2022
SOLD
Alexis Rosen Acquires Miami Condo For $1.58M
488 Northeast 18th Street, Miami, Florida 33132, United States
See Similar DealsCondo1,819 SF
Sold 04/23/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$865
Total Square Footage:1,819 SF
Transaction Type:Sale
A luxury condo located at 488 NE 18th Street in Miami has been sold for $1,575,000. The property, spanning 1,819 square feet, offers a spacious living space for its new owner. With a price per square foot of $866, this exquisite condo represents a great investment opportunity in the Miami market.
Summary of transaction details
- Property Type: Condo
- Sale Price: $1,575,000
- Square Footage: 1,819
- Price per Square Foot: $866
- Address: 488 NE 18th Street
- Market: Miami
The buyer of this prime property is Alexis Rosen. Represented by Massiel Perdomo from Lifestyle International Realty, Alexis secured this exceptional condo to add to their real estate portfolio. The seller, Fausto Martinez, made the decision to sell this luxury condo, providing an opportunity for a new owner to enjoy the upscale lifestyle it offers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64
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