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456 Northeast 29th Street

SB Development Group & Hazelton Capital Group Sell Cove Miami Condo For $2.62M With Broker Daniel Tzinker
SOLDCondo

SB Development Group & Hazelton Capital Group Sell Cove Miami Condo For $2.62M With Broker Daniel Tzinker

456 Northeast 29th Street

$2,620,000

$1,211/SF

Building Size

2,162 SF

Asset Type

Condo

Closing

May 13, 2025

AI

The property asset involved in this transaction is a condo located at 456 Northeast 29th Street Unit 1201, in the Miami market. The sale price of the condo is $2,620,000, and it encompasses a total area of 2,162 square feet, equating to a price per square foot of $1,211.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,620,000
  • Square Footage: 2,162 SF
  • Price Per Square Foot: $1,211
  • Seller: SB Development Group & Hazelton Capital Group
  • Broker: Daniel Tzinker - The Agency
  • Transaction Date: 05/14/2025

This transaction involves key individuals such as Daniel Tzinker, who represents the seller in this deal. The selling parties are comprised of SB Development Group and Hazelton Capital Group.

Players

Daniel Tzinker

The Agency

Broker

$156M

vol

24 deals

Broker
The Agency
The AgencyBrokerage

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.05%

Cash-on-Cash

-1.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93