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
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