Ron Lau Acquires Condo From Ale Lopez In Miami For $1.28M Via Dimitri Joseph
88 Southwest 7th Street
$1,280,000
$914/SF
Building Size
1,400 SF
Asset Type
Condo
Closing
Apr 17, 2024
About this deal
AI
The condo located at 88 Southwest 7th Street in Miami was successfully sold for $1,280,000. This property spans 1,691 square feet, equating to a price per square foot of $757. The sale was facilitated by Dimitri Joseph from Douglas Elliman Real Estate, representing the seller Ale Lopez of Gramps Bay and the buyer Ron Lau.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,280,000
- Buyer: Ron Lau
- Seller: Ale Lopez - Gramps Bay
- Broker: Dimitri Joseph - Douglas Elliman Real Estate
- Address: 88 Southwest 7th Street, Miami
- Square Footage: 1,691
- Price per Square Foot: $757
The successful transaction involved Ron Lau as the buyer, Ale Lopez from Gramps Bay as the seller, and Dimitri Joseph from Douglas Elliman Real Estate as the broker. Each of these individuals played a key role in the seamless completion of this real estate deal.
On the Map
$1,280,000
$914/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $914 per square foot on a published $1.3M for 1,400 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93