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President's Day Condo Deals
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Miami Condo Deal Alert

Why Invests in Miami Condo Market now? 

  1. The number-one reason is because the prices in Miami’s Condo Market have decreased 25-30% below their peak prices.
  2. Mortgage rates will climb further in 2018.
  3. The new tax law makes it more affordable to own a home in Florida.
  4. The rental market is extremely strong in Brickell Area—Brickell was named one of the fastest growing neighborhoods in the country.
Read more about Miami Condo Market Outlook 2018 here
 
Distressed Deal in the Market
Class A Building Brickell : Studio | City view | Large balcony | 
Current Listed Price: $225,000 | Sq. Ft.: 642 (including balcony) 
Taxes : 
$382 / month
HOA : $335/month
Current Rent : $1,675/ month
Current Net Cap Rate : 5.0% at the listed price


Cheapest Studio in Brickell Area, and with the current market conditions we can push the net cap rate to ~5.7%.



 
Class A building  Brickell : 1-BD + 1.5 -BR | New Construction
Current Listed Price: $450,000 | Total Sq. Ft.: 1,040

Taxes : 790 / month
HOA : $727/month
Estimated Rent : $2,550/ month
Current Net Cap Rate : ~2.75% at the listed price

Cheapest 1-BR for the best building in Brickell. Developer is selling units in neighboring tower for $640,000.
Unit was initially listed at $690,000. It won't last long. 



 
Penthouse with Private Pool - 3-BD + Den + 3.5-BR | Water View | 
Current Listed Price: $1,550,000 | Total Sq. Ft.: 2,566 + Terrace
Taxes: $2,625/month 
HOA: $3,430/month
Estimated Current Rent: $12,000/month (Furnished )
Current Net Cap Rate: ~4.5% at the listed price 



This one-of-a-kind 3-story Penthouse features magnificent private terrace with 1300 square feet with swimming pool. Original list price: $2.4MM



 
Class A building - New Construction   : 4-BD + Den + 4.5-BR | High Floor | 
Current Listed Price: $2,475,000 | Total Sq. Ft.3,244
Taxes : 4,333 / month
HOA : $
2,353/month

Original list price : $3.2MM


 
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Varun Hemraj

Real Estate Advisor
Keller Williams Realty
varunhemraj@kw.com
Cell : +1 703.732.0764
 
Copyright © 2018 TheBrickell.com. All rights reserved.

Disclaimer: The information contained in this report was obtained from sources deemed to be reliable. Every effort was made to obtain accurate and complete information; however, no representation, warranty or guarantee, express or implied, may be made as to the accuracy or reliability of the information contained herein.


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Real Estate · 55 SE 6th St. · Apt. 4202 · Miami, Florida 33131 · USA

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