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
About this deal
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.
On the Map
$2,500,000
$671/SF
Condo
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Players
North Bay Village Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $671 per square foot on a published $2.5M for 3,721 square feet (2025).
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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