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8230 SW 53rd Ave, Miami, FL...

Compass Broker Angel Nicolas Facilitates $7M Sale Of Miami SFR On SW 53rd Ave By Angel Nicolas
SOLDSingle Family Residence

Compass Broker Angel Nicolas Facilitates $7M Sale Of Miami SFR On SW 53rd Ave By Angel Nicolas

8230 SW 53rd Ave, Miami, FL 33143, USA

$7,000,000

$792/SF

Building Size

8,829 SF

Asset Type

Single Family Residence

Closing

May 19, 2021

AI

A single-family residential property located at 8230 SW 53rd Ave in Miami has been sold. The property, spanning 8,829 square feet, was listed at an asking price of $7,000,000. The sale was facilitated by broker Angel Nicolas of Compass. The transaction was completed on May 20, 2021, with the final sale price matching the asking price of $7,000,000. The property sits on a 1.07-acre lot, equivalent to 46,609 square feet.

Summary of transaction details:

  • Property Type: Single-Family Residential (SFR)
  • Transaction Amount: $7,000,000
  • Square Footage: 8,829
  • Price per Square Foot: $793
  • Acreage: 1.07
  • Price per Acre: $6,542,056
  • Lot Size: 46,609 square feet

The deal's primary broker representative was Angel Nicolas, representing Compass. The sale of this property involved no deviations from the originally listed price, with the transaction closing at $7,000,000. The picturesque property is located in the vibrant market of Miami.

Players

Angel Nicolas

Serhant

Broker

$158M

vol

18 deals

Broker

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.27%

Cash-on-Cash

-0.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93