Miguel Gomez Buys Condo In North Bay Village From Norbert Pickett & Colette Leonard For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsCondo3,721 SF
Sold 12/31/2025
SOLD
Miguel Gomez Buys Condo In North Bay Village From Norbert Pickett & Colette Leonard For $2.5M
7934 West Drive
See Similar DealsCondo3,721 SF
Sold 12/31/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$671
Total Square Footage:3,721 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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