Stacy & Paul Garvey Purchase Condo At 801 South Miami Avenue For $1,250,000 With Nesto Jerome As Buyer's Representative
801 South Miami Avenue
$1,250,000
$862/SF
Building Size
1,450 SF
Asset Type
Condo
Closing
Apr 16, 2026
About this deal
AI
The property asset involved in this transaction is a condo located at 801 South Miami Avenue Unit 2509 in Miami. The transaction was completed at a sale price of $1,250,000, encompassing 1,450 square feet, resulting in a price per square foot of $862.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,250,000
- Buyer: Stacy & Paul Garvey
- Seller: Salvatore Erna
- Buyer's Representative: Nesto Jerome - Compass
The individuals involved in this deal include buyers Stacy and Paul Garvey, who have secured the property through their representative, Nesto Jerome with Compass. The seller, Salvatore Erna, completed the transaction with the Garveys. This deal reflects the ongoing activity in the Miami real estate market.
On the Map
$1,250,000
$862/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93