OKO Group And Cain International Sell Miami Condo For $17.75M
175 Southeast 25th Road, Miami, Florida 33129, United States
$17,750,000
$2,505/SF
Building Size
7,084 SF
Asset Type
—
Closing
Oct 23, 2022
About this deal
AI
Located at 175 NE 25th Road in Miami, this condo property was recently sold in a closed transaction. The sale took place on October 24, 2022, and involved Jonathan Goldstein and Vlad Doronin as the sellers. OKO Group, represented by Vlad Doronin, and Cain International, represented by Jonathan Goldstein, were the selling parties in this deal. The property spans across 7,084 square feet, with a price per square foot of $2,506. The total sale price for this condo was $17,750,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $17,750,000
- Address: 175 NE 25th Road, Miami
- Market: Miami
- Square Footage: 7,084
- Price per Square Foot: $2,506
This transaction involved notable individuals in the real estate industry. Jonathan Goldstein, representing Cain International, and Vlad Doronin, representing OKO Group, played vital roles in the selling process. Their expertise and negotiation skills contributed to the successful completion of this condo sale in Miami.
Players
Miami CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.89%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93