Gianluca Martellucci & Valentina Caramati Acquire Condo At 851 NE 1st Ave, Miami For $638K
851 Northeast 1st Avenue
$638,000
$609/SF
Building Size
1,046 SF
Asset Type
Condo
Closing
Mar 29, 2022
AI
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.
Players
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
24.86%
Cash-on-Cash
-7.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93