Angel Nicolas - Compass Acquires SFR On Stewart Ave In Miami For $6.5M
SOLD
$6,500,000
Florida
See Similar DealsSingle Family Residence7,103 SF
Sold 01/27/2021
SOLD
Angel Nicolas - Compass Acquires SFR On Stewart Ave In Miami For $6.5M
3829 Stewart Avenue, Miami, FL, USA
See Similar DealsSingle Family Residence7,103 SF
Sold 01/27/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$915
Total Square Footage:7,103 SF
Transaction Type:Sale
Located at 3829 Stewart Ave in Miami, this single-family residential property was recently sold. The sale was facilitated by Jessica Adams of Sotheby's International Realty, representing the seller, and Angel Nicolas of Compass, representing the buyer. The property was listed with an asking price of $6,995,000 and was ultimately sold for $6,500,000. The total square footage of the property is 7,103, resulting in a price per square foot of $915.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,500,000
- Address: 3829 Stewart Ave
- Market: Miami
Jessica Adams from Sotheby's International Realty represented the seller, while Angel Nicolas from Compass represented the buyer. The deal was successfully closed on January 27, 2021. This transaction highlights the collaboration between these two brokerage firms in the Miami market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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