Nicklas C. Sarnicola Acquires Star Lofts Penthouse In Miami For $2.04M
STAR LOFTS, 700 NE 25th St, Miami, FL, USA
$2,045,000
$411/SF
Building Size
4,965 SF
Asset Type
—
Closing
May 21, 2020
AI
A penthouse unit at Star Lofts in Miami has been sold for $2,045,000. The condo, located at 700 NE 25th St PH-1, spans 4,965 square feet and was purchased by Nicklas C. Sarnicola. The transaction was facilitated by Brigitte Lina of the Brigitte Lina Group at One Sotheby's International Realty.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,045,000
- Square Footage: 4,965
- Price per Square Foot: $412
- Address: 700 NE 25th St PH-1, Miami
Brigitte Lina of the Brigitte Lina Group at One Sotheby's International Realty represented Nicklas C. Sarnicola in this transaction.
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.76%
Cash-on-Cash
-2.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93