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
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