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900 Brickell Key Blvd

Giorgio Prestipino Acquires Condo At 900 Brickell Key Boulevard For $3.52M
SOLDCondo

Giorgio Prestipino Acquires Condo At 900 Brickell Key Boulevard For $3.52M

900 Brickell Key Blvd

$3,520,000

$760/SF

Building Size

4,631 SF

Asset Type

Condo

Closing

Jun 2, 2023

AI

900 Brickell Key Boulevard, a condo located in Miami, was recently sold in a transaction. The property spans an area of 4,631 square feet and was sold at a price of $3,520,000, resulting in a price per square foot of $760. The sale took place on 06/02/2023.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $3,520,000
  • Address: 900 Brickell Key Boulevard
  • Market: Miami

The buyer of the condo was Giorgio Prestipino, while the seller was Shy Kostiner. The transaction was facilitated by multiple brokers representing both parties. Techrin Hijazi, Eleni Lyons, Francisco Suarez, Juan Carreras, and Ms. Meriam Aberri from Gallery Estates International Realty Associates, as well as Jordan Lederman from Lederman Real Estate played instrumental roles in the deal.

Players

Techrin Hijazi

Gallery Estates

Broker

$45.7M

vol

6 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

4.51%

Cash-on-Cash

-1.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93