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Antoine Copty Acquires Office Building In Miami For $2.3M

Property Image
SOLD
$2,325,000

Florida

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Office3 SF
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Property Image
SOLD

Antoine Copty Acquires Office Building In Miami For $2.3M

2885 Southwest 3rd Avenue, Miami, Florida 33129, United States

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Office3 SF
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$775,000
Total Square Footage:3 SF
Transaction Type:Sale

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

2 deals$2.8M volume
SELLER

Details

SOLD
IMAGE: 11/14/2022 ADDRESS: 2885 SW 3rd Ave MARKET: Miami,FL ASSET TYPE: Office Building BUYER: Antoine Copty SELLER: Jose Cabrera PRICE: $2,325,000 SF: 3,760 ~ PPSF: $618

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$124,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23