Farid Guanuna & Ahilea Grammas Acquire Miami Condo From Villa Miami Residences For $12.75M
SOLD
$12,750,000
Florida
See Similar DealsCondo6,143 SF
Sold 06/01/2025
SOLD
Farid Guanuna & Ahilea Grammas Acquire Miami Condo From Villa Miami Residences For $12.75M
710 Northeast 29th Street
See Similar DealsCondo6,143 SF
Sold 06/01/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,075
Total Square Footage:6,143 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$679,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06
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