SOLDCondo
Stanislas Chmielewski Acquires Condo In Miami For $4.5M
700 Northeast 25th Street
$4,500,000
$715/SF
Building Size
6,291 SF
Asset Type
Condo
Closing
Apr 9, 2024
AI
The property involved in the transaction is a Condo located at 700 Northeast 25th Street, Miami. The condo spans 6,291 square feet with a price of $4,500,000 and a price per square foot of $715.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,500,000
- Buyer: Stanislas Chmielewski
- Seller: Abraham Franco - Star Lofts PH2
- Buyer's Representative: Goritza Draskovich - Fortune International Group
- Seller's Representative: Mendel Fellig - Compass
- Square Footage: 6,291
- Price per Square Foot: $715
The deal's key individuals include Goritza Draskovich representing the buyer from Fortune International Group and Mendel Fellig representing the seller from Compass.
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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93