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540 Brickell Key Drive, APT...

Ben Jacobs, Nate Shore & Jessica Chestler Close Condo Sale In Miami For $1.43M
SOLDCondo

Ben Jacobs, Nate Shore & Jessica Chestler Close Condo Sale In Miami For $1.43M

540 Brickell Key Drive, APT 320

$1,430,000

$953/SF

Building Size

1,500 SF

Asset Type

Condo

Closing

Jun 7, 2024

AI

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:

The Chestler Jacobs Team from Douglas Elliman represented the parties involved in this condo sale, showcasing their expertise in managing real estate transactions.

Players

Ben Jacobs

Douglas Elliman

Broker

$50M

vol

6 deals

Broker

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

11.09%

Cash-on-Cash

-3.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93