Farid Guanuna & Ahilea Grammas Acquire Miami Condo From Villa Miami Residences For $12.75M
710 Northeast 29th Street
$12,750,000
$2,075/SF
Building Size
6,143 SF
Asset Type
Condo
Closing
Jun 1, 2025
AI
This transaction involves a condo located at 710 Northeast 29th Street Unit 1001-1002 in the Miami market. The selling price of the property is $12,750,000. The condo spans an area of 6,143 square feet, resulting in a price per square foot of approximately $2,075.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,750,000
- Buyer: Farid Guanuna & Ahilea Grammas, partners at LS Capital & Limited spec
- Seller: 710 NE 29 Street - Villa Miami Residences
- Buyer’s Representative: Lukas Andrea Foiani - AFS Living
- Seller’s Representative: Sarit Oren - Douglas Elliman
The deal includes key players from both sides. The buyer's representatives are Lukas Andrea Foiani from AFS Living, while the seller is represented by Sarit Oren from Douglas Elliman. The partnership of Farid Guanuna and Ahilea Grammas brings expertise from LS Capital & Limited spec to the transaction.
Players
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
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93