Tower 2, LLC Sells Miami Condo At 851 Ne 1st Avenue For $1,035,000 With Giovanna Guzman As The Broker
851 Ne 1st Avenue Unit 1209
$1,035,000
Building Size
—
Asset Type
Condo
Closing
Nov 10, 2021
About this deal
AI
The asset involved in the transaction is a condo located at 851 Ne 1st Avenue Unit 1209 in the Miami market. The property was sold for $1,035,000.00.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,035,000.00
- Sale Date: 11/10/2021
- Seller: Tower 2, LLC
- Broker: Giovanna Guzman
Giovanna Guzman represented the seller, Tower 2, LLC, in this closed transaction. The deal took place in Miami, reflecting activity in the local real estate market.
The condo sale at 851 Ne 1st Avenue Unit 1209 in Miami, Florida sold for $1M in 2021. 851 Ne 1st Avenue Unit 1209 is classified as Condo on Traded. GIOVANNA GUZMAN, International Realty Group appear on the sale alongside International Realty Group. This page is the Miami, Florida file for the 851 Ne 1st Avenue Unit 1209 condo sold: pricing, party profiles, and other closed condo comps from the same Miami sit in the Market section below. Filter that Miami condo set by closing date to see what else sold near 851 Ne 1st Avenue Unit 1209 around 2021. Published consideration for 851 Ne 1st Avenue Unit 1209 is $1M, dated 2021. Cite this Tower 2, LLC Sells Miami Condo At 851 Ne 1st Avenue For $1,035,000 With Giovanna Guzman As The Broker sale when underwriting similar condo product around Miami, Florida.
On the Map
$1,035,000
Condo
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Miami Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.33%
Cash-on-Cash
-4.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93