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
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