Michael Shehadi Sells Condo In Miami Through Bill Brothers Of Cervera Real Estate For $1.17M
88 Southwest 7th Street
$1,170,000
$835/SF
Building Size
1,400 SF
Asset Type
Condo
Closing
May 6, 2024
AI
The condo located at 88 Southwest 7th Street in Miami, with a square footage of 1,400 SF, was sold by Michael Shehadi to the undisclosed buyer. The sale price for this property was $1,170,000, equating to a price per square foot of $836.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,170,000
- Address: 88 Southwest 7th Street, Miami
- Seller: Michael Shehadi
- Broker: Bill Brothers - Cervera Real Estate
Bill Brothers from Cervera Real Estate represented Michael Shehadi in this successful condo sale transaction, showcasing their expertise in the real estate market. The property's value and unique characteristics contributed to the smooth completion of this deal.
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.56%
Cash-on-Cash
-3.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93