Florin Grigorescu Acquires Condo In Miami For $1.15M
$1,150,000
$909/SF
Building Size
1,265 SF
Asset Type
Condo
Closing
Dec 12, 2023
About this deal
AI
A condo located at 68 Southeast 6th Street in Miami has been sold for $1,150,000. The property spans across 1,265 square feet and was sold at a price per square foot of $909.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $1,150,000
- Address: 68 Southeast 6th Street
- Market: Miami
- Buyer: Florin Grigorescu
- Buyer's Representative: Maria Isabel Zuniga - The Grand Lion Real Estate Group
- Seller's Representative: Jeremy Milgroom - Grafeno Realty
- Square Footage: 1,265
- Price per Square Foot: $909
Maria Isabel Zuniga from The Grand Lion Real Estate Group represented the buyer, Florin Grigorescu, in this transaction. Jeremy Milgroom from Grafeno Realty acted as the seller's representative. Both parties successfully closed the deal on 12/12/2023.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $909 per square foot on a published $1.2M for 1,265 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93