Gianluca Martellucci & Valentina Caramati Acquire Condo At 851 NE 1st Ave, Miami For $638K
SOLD
$638,000
Florida
See Similar DealsCondo1,046 SF
Sold 03/29/2022
SOLD
Gianluca Martellucci & Valentina Caramati Acquire Condo At 851 NE 1st Ave, Miami For $638K
851 Northeast 1st Avenue
See Similar DealsCondo1,046 SF
Sold 03/29/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$609
Total Square Footage:1,046 SF
Transaction Type:Sale
The sale of a condo located at 851 NE 1st Ave, Unit 1200 in Miami has been completed. The transaction took place on 03/29/2022. The condo, spanning 1,046 square feet, was sold for a price of $638,000, resulting in a price per square foot of $610. The buyers, Gianluca Martellucci and Valentina Caramati, acquired the property from the seller, Yingchun Xu.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $638,000
The buyer was represented by Pier Paolo Visconti & Claudia Llanes from Douglas Elliman, while the seller was represented by Andrea Arcuri from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$34,026.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,266.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,024.45
Annual Debt Service$36,293.35
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