SOLDCondo
Lenny Tavarez Purchases Condo At The Standard Residences Brickell For $2.47M Represented By Migneco Team
Southwest 1st Avenue And Southwest 7th Street
$2,470,000
$1,529/SF
Building Size
1,615 SF
Asset Type
Condo
Closing
Sep 8, 2026
About this deal
AI
A condo located at Southwest 1st Avenue & Southwest 7th Street Unit 4203 in Miami was sold for $2,470,000. The condominium has a total square footage of 1,615, resulting in a price per square foot of $1,529.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $2,470,000
- Address: Southwest 1st Avenue & Southwest 7th Street Unit 4203
- Market: Miami
- Square Footage: 1,615
- Price per Square Foot: $1,529
- Buyer: Lenny Tavarez
- Seller: Two Roads Development
- Buyer’s Representative: Lucho Migneco, Lucho Migneco Jr - Migneco & Hans Baumgartner - Miami Real Investment
- Seller’s Representative: Taylor Collins - Two Roads Development
Lenny Tavarez acquired a pre-construction unit at The Standard Residences Brickell, with guidance from the Migneco Team at Miami Real Investment alongside representatives from Two Roads Development.
On the Map
$2,470,000
$1,529/SF
Condo
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Players
Homestead Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $2.5M for 1,615 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.42%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93