Michael Guerrero Acquires Condo At 495 Brickell Ave Apt 5301, Miami For $1.7M
SOLD
$1,700,000
Florida
See Similar DealsCondo1,870 SF
Sold 03/30/2020
SOLD
Michael Guerrero Acquires Condo At 495 Brickell Ave Apt 5301, Miami For $1.7M
495 Brickell Avenue, Miami, Florida 33131, United States
See Similar DealsCondo1,870 SF
Sold 03/30/2020
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$909
Total Square Footage:1,870 SF
Transaction Type:Sale
Antonio Cupertino de Miranda & Angelica Gomez represented the buyer and seller in the sale of a condo located at 495 Brickell Ave Apt 5301 in Miami. The transaction took place on March 31, 2022, with Michael Guerrero purchasing the property from George Paskel for a sale price of $1,700,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,700,000
- Square Footage: 1,870
- Price per Square Foot: $909
- Address: 495 Brickell Ave Apt 5301, Miami
Antonio Cupertino de Miranda & Angelica Gomez, representing Related ISG Realty, facilitated the transaction between Michael Guerrero and George Paskel.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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