HL Real Estate Group Acquires Condo In Miami For $1.375M
650 NE 32 St
$1,375,000
$835/SF
Building Size
1,646 SF
Asset Type
Condo
Closing
Nov 22, 2023
AI
Located at 650 Northeast 32 Street in Miami, this condo was recently sold for $1,375,000. The property spans 1,646 square feet, resulting in a price per square foot of $835. The transaction took place on November 22, 2023, and the sale was facilitated by Juan Jose Velasquez from the Sanclemente Group at Douglas Elliman, representing the seller, and Juan Guzman from HL Real Estate Group, representing the buyer.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,375,000
- Address: 650 Northeast 32 Street, Miami
- Square Footage: 1,646
- Price per Square Foot: $835
- Seller's Representative: Juan Jose Velasquez - Sanclemente Group - Douglas Elliman
- Buyer's Representative: Juan Guzman - HL Real Estate Group
This successful sale showcases the collaborative efforts of Juan Jose Velasquez from the Sanclemente Group at Douglas Elliman, representing the seller, and Juan Guzman from HL Real Estate Group, representing the buyer. Their expertise and negotiation skills played a vital role in finalizing the deal for this desirable condo property in Miami.
Players
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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93