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488 Northeast 18th Street

Christopher Boudreax And Athy & Petros Kirtses Acquire Condo In Miami, FL For $3.125M
SOLDCondo

Christopher Boudreax And Athy & Petros Kirtses Acquire Condo In Miami, FL For $3.125M

488 Northeast 18th Street

$3,125,000

$1,548/SF

Building Size

2,018 SF

Asset Type

Condo

Closing

Apr 15, 2022

AI

The property involved in this transaction is a condo located at 488 NE 18th St in Miami, FL. The sale took place on April 15, 2022. The total sale price for the property was $3,125,000.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,125,000

The buyer of the property is Christopher Boudreax, along with Athy & Petros Kirtses and Goritza Draskovich. The seller was represented by Cervera Real Estate.

Goritza Draskovich, the realtor in residence and Building Expert at Aria On The Bay condominium, was involved in these sales. The two separate sales represent the highest price per square foot recently sold in the building. The first property was sold for $2,050,000 with a square footage of 2,018 and a price per square foot of $1,015. The second property was sold for $1,075,000 with a square footage of 1,390 and a price per square foot of $775.

Players

Massiel Perdomo

Lifestyle International Realty

Broker

$12.4M

vol

7 deals

Broker
Cervera Real Estate
Cervera Real EstateBrokerage

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

5.08%

Cash-on-Cash

-1.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93