Douglas Elliman Represents Buyer In $2.78M Miami Condo Sale
1331 Brickell Bay Drive, Miami, FL 33131 & 1331 Brickell Bay Drive, Miami, FL 33131
$2,780,000
$501/SF
Building Size
5,545 SF
Asset Type
Hotel
Closing
Mar 28, 2021
AI
Located at 1331 Brickell Bay Drive, Unit 3611 in Miami, this condominium in the Jade Residence at Brickell Bay was recently sold. The property spans 3,415 square feet and boasts a spacious layout. The sale price for this condo was $2,780,000, resulting in a price per square foot of $814. The transaction took place on March 29, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,780,000
- Address: 1331 Brickell Bay Drive, Unit 3611
- Market: Miami
The buyer was represented by Margarita Sanclemente and Juan Jose Velasquez from Douglas Elliman, while the seller was represented by Sebastian Acosta from One Sotheby's International Realty. These professional agents played a crucial role in facilitating the transaction and ensuring a smooth process for both parties involved.
Players
Miami Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.71%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93