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710 Northeast 24th Street

Jonathan Bigelman Represents The Melo Group In $5.2M Miami Condo Sale
SOLDCondo

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

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.

Players

Jonathan Bigelman

Sotheby's International Realty

Broker

$212.5M

vol

19 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93