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7934 West Drive

Miguel Gomez Buys Condo In North Bay Village From Norbert Pickett & Colette Leonard For $2.5M
SOLDCondo

Miguel Gomez Buys Condo In North Bay Village From Norbert Pickett & Colette Leonard For $2.5M

7934 West Drive

$2,500,000

$671/SF

Building Size

3,721 SF

Asset Type

Condo

Closing

Dec 30, 2025

AI

The asset involved in this transaction is a condo located at 7934 West Drive Unit 501 in North Bay Village. The transaction took place at a sale price of $2,500,000. The condo encompasses a total square footage of 3,721, resulting in a price per square foot of $671.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,500,000
  • Address: 7934 West Drive Unit 501
  • Market: North Bay Village
  • Buyer: Miguel Gomez
  • Seller: Norbert Pickett & Collette Leonard
  • Brokers: Andy Daro & Christy Cancio - Compass

Key individuals in this transaction include Miguel Gomez as the buyer and Norbert Pickett & Collette Leonard as the sellers. The brokers representing the parties in this deal are Andy Daro and Christy Cancio from Compass, facilitating the transaction.

Players

Andy Daro

Compass

Broker

$108.2M

vol

14 deals

Broker

North Bay Village 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93