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88 SW 7th St Apt 4001 Miami...

Yenny Hanley Acquires Miami Condo For $3.05M From Seller Eraterina Begicheva
SOLDCondo

Yenny Hanley Acquires Miami Condo For $3.05M From Seller Eraterina Begicheva

88 SW 7th St Apt 4001 Miami, FL 33130, USA

$3,050,000

$1,018/SF

Building Size

2,995 SF

Asset Type

Condo

Closing

May 11, 2023

AI

Located at 88 Southwest 7th Street Unit 4001 in Miami, this condo was recently sold in a closed transaction. The property spans 2,995 square feet and was sold for $3,050,000, resulting in a price per square foot of $1,018. The seller in this transaction was Eraterina Begicheva.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,050,000
  • Address: 88 Southwest 7th Street Unit 4001
  • Market: Miami
  • Square Footage: 2,995

Yenny Hanley from Fortune International Realty represented the buyer in this transaction, while Lana Bell from Douglas Elliman represented the seller. The photographer for this property was Tony Tur.

Players

Lana Bell

Douglas Elliman

Broker

$8.3M

vol

2 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

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93