Parag Majmudar Purchases Condo At 88 Southwest 7th Street For $1.45M With Ralph Garcia As Seller's Rep
88 Southwest 7th Street
$1,450,000
$865/SF
Building Size
1,675 SF
Asset Type
Condo
Closing
May 10, 2026
AI
The property involved in this transaction is a condo located at 88 Southwest 7th Street, Unit 3212 in Miami. The sale price was $1,450,000. The condo covers a square footage of 1,675, resulting in a price per square foot of $865.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,450,000
- Address: 88 Southwest 7th Street, Unit 3212
- Market: Miami
- Square Footage: 1,675
- Price Per Square Foot: $865
- Buyer: Parag Majmudar
- Seller's Representative: Ralph Garcia, PA - The Keyes Company
- Note from Seller's Representative: The highest-priced sale in the building in nearly two years.
Parag Majmudar was the buyer in this transaction, with Ralph Garcia representing the seller through The Keyes Company. The transaction stands out as significant due to its sale price, reflecting a noteworthy achievement within the building's recent sales history.
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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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93