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801 S Miami Ave #3405, Miam...

Jorge Flores Acquires 2,046 SF Condo In Miami For $2.1M
SOLDCondo

Jorge Flores Acquires 2,046 SF Condo In Miami For $2.1M

801 S Miami Ave #3405, Miami, FL 33130

$2,100,000

$1,026/SF

Building Size

2,046 SF

Asset Type

Condo

Closing

May 8, 2023

AI

The condo located at 801 South Miami Avenue in Miami has been sold in a recent transaction. The property spans 2,046 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $1,026. The transaction took place on the 8th of May, 2023.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,100,000
  • Address: 801 South Miami Avenue, Miami
  • Seller: Diego Valencia
  • Buyer: Jorge Flores
  • Seller's Representative: Karen Elmir - Sotheby's International Realty

Karen Elmir, from Sotheby's International Realty, represented the seller, Diego Valencia, in this transaction.

Players

Karen Elmir

Sotheby's International Realty

Broker

$64.9M

vol

12 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93