Lukas Andrea Foiani Of AFS Living Represents Buyer In Miami Condo Sale For $30.5M
SOLD
$27,000,000
Florida
See Similar DealsCondo14,000 SF
Sold 03/12/2025
SOLD
Lukas Andrea Foiani Of AFS Living Represents Buyer In Miami Condo Sale For $30.5M
710 Northeast 29th Street
See Similar DealsCondo14,000 SF
Sold 03/12/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,928
Total Square Footage:14,000 SF
Transaction Type:Sale
This transaction involves a condo located at 710 Northeast 29th Street PH in Miami, with a sale price of $30,500,000. The property spans 12,279 square feet, which equates to a price per square foot of $2,483.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $30,500,000
- Square Footage: 12,279
- Price per Square Foot: $2,483
- Seller: 710 Edge Property / Villa Miami
- Buyer's Representative: Lukas Andrea Foiani - AFS Living
- Seller's Representative: Sarit Oren
- Market: Miami
The transaction highlights the roles of key participants, with Lukas Andrea Foiani representing the buyer through AFS Living, while Sarit Oren represents the seller in this deal. This emphasizes the involvement of significant representatives in facilitating the transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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