Nilda Nicacia Purchases Condo From Mercedes Benz Place For $1 Million In Miami
1133 Southwest 2nd Avenue
$1,000,000
$1,470/SF
Building Size
680 SF
Asset Type
Condo
Closing
Feb 20, 2026
About this deal
AI
The property asset involved in the transaction is a condo located at 1133 Southwest 2nd Avenue in Miami. It was sold for $1,000,000, encompasses a total of 680 square feet, and has a price per square foot of $1,470.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,000,000
- Buyer: Nilda Nicacia
- Seller: Mercedes Benz Place
- Broker: Janni Bonnatti - Bonatti Estates South
- Sale Date: 02/20/2026
The transaction involved key individuals including the buyer Nilda Nicacia and the seller Mercedes Benz Place, with representation provided by broker Janni Bonnatti from Bonatti Estates South, who facilitated the deal.
On the Map
$1,000,000
$1,470/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $1M for 680 square feet (2026).
Visit Mercedes Benz Places Miami to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93