Melo Group Sells Condo In Miami For $3.72M With Buyer's Rep Mikhail Mudrik
725 NE 24th St #3801 Miami, FL 33137, USA
$3,720,000
$1,227/SF
Building Size
3,030 SF
Asset Type
Condo
Closing
May 1, 2023
AI
The Melo Group has sold a condominium unit located at 725 Northeast 24th Street in Miami. The condo spans a total of 3,030 square feet, with a sale price of $3,720,000. The price per square foot comes out to $1,228, reflecting the market value of the property. The transaction took place on May 1, 2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,720,000
- Square Footage: 3,030
- Price Per Square Foot: $1,228
- Address: 725 Northeast 24th Street, Miami
The buyer's representative in this deal was Mikhail Mudrik from The Agency. Their expertise in the real estate market played a crucial role in successfully completing 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
4.26%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93