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700 Northeast 26th Terrace

Felipe De Castro Ros & Madison Mcclure Ros Purchase Condo In Miami For $2.7M
SOLDCondo

Felipe De Castro Ros & Madison Mcclure Ros Purchase Condo In Miami For $2.7M

700 Northeast 26th Terrace

$2,700,000

$1,095/SF

Building Size

2,464 SF

Asset Type

Condo

Closing

May 10, 2024

AI

The property involved in this transaction is a condominium located at 700 Northeast 26th Terrace, Miami. Spanning 2,464 square feet, the condo was sold for $2,700,000, equating to a price per square foot of $1,096.

Summary of transaction details:

The deal's key individuals include the buyers, Felipe De Castro Ros and Madison Mcclure Ros, as well as the seller's representatives, Marine Rollins and Timothy Guadalpi from Miami Global Realty, Inc.

Players

Marine Rollins

Miami Global Realty

Broker

$277.4M

vol

12 deals

Broker

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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93