Updated Dec 21, 2023
Eric Pilla Acquires Condo On East Treasure Drive In North Bay Village For $455,000
7601 East Treasure Drive #2014
$455,000
$441/SF
Building Size
1,030 SF
Asset Type
MultiFamily
Closing
Feb 10, 2023
About this deal
AI
A condo located at 7601 East Treasure Drive in North Bay Village has been sold in a recent transaction. The property spans 1,030 square feet and features a total of 2 bedrooms and 2 bathrooms. The sale price for this condo was $455,000, with a price-per-square-foot of $442. The asset was listed with an asking price of $450,000.
Summary of Transaction Details:
- Property Type: Condo
- Transaction Amount: $455,000
- Square Footage: 1,030
- Address: 7601 East Treasure Drive, North Bay Village
Eric Pilla has purchased the property from Lourdes Baez. The transaction was facilitated by Anthony Nucci of Douglas Elliman, who represented both the buyer and the seller. Vittorio Sbrocca served as the lender in the deal.
Anthony Nucci, from Douglas Elliman, played a key role in this transaction, providing support in underwriting and assisting their out-of-state client in finding a valuable addition to their real estate portfolio.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $441 per square foot on a published $455K for 1,030 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
34.86%
Cash-on-Cash
-9.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93