Ben Jacobs, Nate Shore & Jessica Chestler Close Condo Sale In Miami For $1.43M
SOLD
$1,430,000
Florida
See Similar DealsCondo1,500 SF
Sold 06/07/2024
SOLD
Ben Jacobs, Nate Shore & Jessica Chestler Close Condo Sale In Miami For $1.43M
540 Brickell Key Drive, APT 320
See Similar DealsCondo1,500 SF
Sold 06/07/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$953
Total Square Footage:1,500 SF
Transaction Type:Sale
The property at 540 Brickell Key Drive in Miami, a condo with a size of 1,500 square feet, was part of a recent transaction. It was listed with an asking price of $1,545,000 and sold for $1,430,000, reflecting a price per square foot of $953.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,430,000
- Brokers: Ben Jacobs, Jessica Chestler, and Nate Shore - The Chestler Jacobs Team - Douglas Elliman
The Chestler Jacobs Team from Douglas Elliman represented the parties involved in this condo sale, showcasing their expertise in managing real estate transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,080.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,778.93
Annual Debt Service$81,347.15
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