Antoine Copty Acquires Office Building In Miami For $2.3M
2885 Southwest 3rd Avenue, Miami, Florida 33129, United States
$2,325,000
$775,000/SF
Building Size
3 SF
Asset Type
Office
Closing
Apr 17, 2023
AI
An office building located at 2885 SW 3rd Ave in Miami, FL has been sold for a total price of $2,325,000. The building spans across a total square footage of 3,760, resulting in a price per square foot of $618.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $2,325,000
- Address: 2885 SW 3rd Ave, Miami, FL
- Market: Miami, FL
The buyer of the property is Antoine Copty, while the seller is Jose Cabrera. They completed the sale on November 14, 2022.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93