Nicklas C. Sarnicola Acquires Star Lofts Penthouse In Miami For $2.04M
SOLD
$2,045,000
Florida
See Similar Deals4,965 SF
Sold 05/21/2020
SOLD
Nicklas C. Sarnicola Acquires Star Lofts Penthouse In Miami For $2.04M
STAR LOFTS, 700 NE 25th St, Miami, FL, USA
See Similar Deals4,965 SF
Sold 05/21/2020
Summary
FLORIDA
Price Per Square Foot:$411
Total Square Footage:4,965 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$109,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,265.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,694.34
Annual Debt Service$116,332.12
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