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710 Northeast 24th Street

Damian Vasso Acquires Condo In Miami For $2.29M With Buyer's Rep Gershon Adjaye
SOLDCondo

Damian Vasso Acquires Condo In Miami For $2.29M With Buyer's Rep Gershon Adjaye

710 Northeast 24th Street

$2,289,900

$1,146/SF

Building Size

1,998 SF

Asset Type

Condo

Closing

Nov 22, 2023

AI

A condo located at 710 Northeast 24th Street in Miami has been sold in a recent transaction. The property, with a total square footage of 1,998, was sold for a price of $2,289,900. The condo has a price per square foot of $1,146.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,289,900
  • Square Footage: 1,998
  • Price per Square Foot: $1,146
  • Address: 710 Northeast 24th Street, Miami

The buyer in this transaction is Damian Vasso. The seller is Carlos Melo from the Melo Group. The buyer was represented by Gershon Adjaye from Keller Williams.

Players

Gershon Adjaye

Keller Williams NYC

Broker

$49.4M

vol

27 deals

Broker
Carlos Melo

Carlos Melo

Melo Group

Seller

$767M

vol

10 deals

Seller

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

6.93%

Cash-on-Cash

-1.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93