Updated Oct 29, 2024
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
About this deal
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