Jonathan Bigelman Represents The Melo Group In $5.2M Miami Condo Sale
710 Northeast 24th Street
$5,200,900
$1,595/SF
Building Size
3,260 SF
Asset Type
Condo
Closing
Apr 10, 2024
About this deal
AI
The property involved in the transaction is the Aria Reserve North Penthouse located at 710 NE 24th Street in Miami. This luxury condo, spanning 3,260 square feet, was sold for $5,200,900 at a price per square foot of $1,595.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,200,900
- Address: 710 NE 24th Street - Aria Reserve North Penthouse, Miami
- Square Footage: 3,260
- Seller: The Melo Group
- Broker: Jonathan Bigelman - One Sotheby's International Realty
- Price per Square Foot: $1,595
The transaction was facilitated with representation by Jonathan Bigelman from One Sotheby's International Realty, acting as the broker for The Melo Group, the seller. This successful deal highlights the collaboration between these entities in the real estate market.
On the Map
$5,200,900
$1,595/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93