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851 Northeast 1st Avenue

Gianluca Martellucci & Valentina Caramati Acquire Condo At 851 NE 1st Ave, Miami For $638K
SOLDCondo

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

Pier Paolo Visconti

Douglas Elliman

Broker

$195.7M

vol

10 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

24.86%

Cash-on-Cash

-7.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93