Jorge Pérez Of Related Group Sells Penthouse And Commercial Units In Miami For $14,643,662
253 Northeast 14th Street
$14,643,662
Building Size
—
Asset Type
Condo
Closing
Aug 10, 2026
About this deal
AI
A condo asset located at 253 Northeast 14th Street in Miami was sold, featuring penthouse units in addition to commercial units C5004 and C4804. The sale was finalized for a total amount of $14,643,662 on August 10, 2026.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $14,643,662
- Seller: Jorge Pérez
- Agency: Related Group
- Closing Date: August 10, 2026
- Address: 253 Northeast 14th Street
- Market: Miami
- Units Involved: Penthouse unit, commercial units C5004 and C4804
Jorge Pérez, representing the Related Group, successfully completed the sale of the condo units, marking a significant transaction within the Miami real estate market due to the involvement of multiple high-value units in this deal.
On the Map
$14,643,662
Condo
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Miami Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93