Nicky Jam Acquires Miami Condo For $6M With Tony Rodriguez-Tellaheche And Darin Feldman
SOLD
$6,000,000
Florida
See Similar DealsCondo4,600 SF
Sold 09/14/2021
SOLD
Nicky Jam Acquires Miami Condo For $6M With Tony Rodriguez-Tellaheche And Darin Feldman
Miami, FL, USA
See Similar DealsCondo4,600 SF
Sold 09/14/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,304
Total Square Footage:4,600 SF
Transaction Type:Sale
Located in Miami, this condo was recently sold for $6,000,000. Spanning across 4,600 square feet, the condo was purchased by Nick Rivera Caminero, known as Nicky Jam, from the seller Green House Domestic Holdings Four LLC. The sale price translates to $1,304 per square foot, indicating a significant investment in this desirable property.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,000,000
- Market: Miami
In this transaction, Nicky Jam was represented by Tony Rodriguez-Tellaheche, while Darin Feldman acted as the seller's representative. The involvement of these experienced brokers highlights the significance of this deal in the Miami market.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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