Tor Olav Troim Sells Residential Condo Penthouse In Miami For $3.2M With Lourdes Alatriste - Engel & Volkers
3131 NE 7th Ave #5301, Miami, FL 33137, USA
$3,200,000
$1,097/SF
Building Size
2,915 SF
Asset Type
—
Closing
Oct 1, 2020
About this deal
AI
3131 NE 7th Ave in Miami is a residential condo penthouse that was recently sold. The property, spanning over 2,915 square feet, was sold for a price of $3,200,000, resulting in a price per square foot of $1,098. This transaction took place on October 2, 2020.
Summary of transaction details
- Property Type: Residential Condo (Penthouse)
- Transaction Amount: $3,200,000
- Square Footage: 2,915
- Price Per Square Foot: $1,098
- Address: 3131 NE 7th Ave, Miami
The seller of the property was Tor Olav Troim. The brokerage firm involved in this transaction was Engel & Volkers, represented by Lourdes Alatriste from the Alatriste Group. Lourdes Alatriste played a key role in facilitating the sale of this residential condo penthouse.
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $1.1K per square foot on a published $3.2M for 2,915 square feet (2020).
Visit Lourdes Alatriste to view all their deals.
Browse Miami sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93