Nicky Jam Acquires Miami Condo For $6M With Tony Rodriguez-Tellaheche And Darin Feldman
Miami, FL, USA
$6,000,000
$1,304/SF
Building Size
4,600 SF
Asset Type
Condo
Closing
Sep 14, 2021
About this deal
AI
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
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $6M for 4,600 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93