Aria Development Acquires Multifamily Property On Brickell Avenue In Miami For $12.75M
2200 Brickell Avenue, Brickell, Miami, FL, USA
$12,750,000
$2,741/SF
Building Size
4,651 SF
Asset Type
MultiFamily
Closing
Jan 29, 2021
AI
The multifamily property located at 2200, 2222, and 2250 Brickell Avenue in Brickell, Miami has been sold in a recent transaction. The sale was facilitated by brokers Dora Puig and TJ Estavillo.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $12,750,000
- Units: 34
- Price per Unit: $375,000
- Buyer: Aria Development
- Seller: Ram & Associates
- Brokers: TJ Estavillo & Dora Puig
- Date: 01/30/2021
- Market: Brickell, Miami
The buyer involved in this transaction is Aria Development, while the seller is Ram & Associates. The property consists of 34 units, with a sale price of $12,750,000, equivalent to a price per unit of $375,000. The brokers TJ Estavillo and Dora Puig represented the respective parties in the deal.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93