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710 Northeast 29th Street

Farid Guanuna & Ahilea Grammas Acquire Miami Condo From Villa Miami Residences For $12.75M
SOLDCondo

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

Lukas Andrea Foiani

AFS Living

Broker

$67.4M

vol

6 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage
AFS Living
AFS LivingBrokerage

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

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