Anil Bhandari Acquires Edgewater Condo For $3.4M
650 Northeast 32nd Street, Miami, Florida 33137, United States
$3,415,500
$853,875/SF
Building Size
4 SF
Asset Type
Condo
Closing
Oct 28, 2022
About this deal
AI
The property involved in this closed transaction is a condominium located at 650 NE 32nd St PH5201 in the Edgewater market. It was sold on October 28, 2022.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $3,415,500
- Square Footage: 4,210
- Price per Square Foot: $811
- Address: 650 NE 32nd St PH5201
- Market: Edgewater
The buyer of the condominium was Anil Bhandari, while the sellers were Javier Markosian and Cesar Alcaraz. The deal was represented by brokers Andreina Zuccaro and Alejandra Castillo from PMG Residential LLC.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $853.9K per square foot on a published $3.4M for 4 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.64%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93