Alexis Rosen Acquires Miami Condo For $1.58M
488 Northeast 18th Street, Miami, Florida 33132, United States
$1,575,000
$865/SF
Building Size
1,819 SF
Asset Type
Condo
Closing
Apr 23, 2022
AI
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.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93