facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

88 Southwest 7th Street

Parag Majmudar Purchases Condo At 88 Southwest 7th Street For $1.45M With Ralph Garcia As Seller's Rep
SOLDCondo

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.

Players

Ralph Garcia

The Keyes Company

Broker

$8M

vol

6 deals

Broker

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93