Preeti Bajaj & Rajiv Korpal Acquire Edgewater Condo From The Melo Group For $2.6M
725 Northeast 24th Street
$2,575,900
$787/SF
Building Size
3,270 SF
Asset Type
Condo
Closing
Sep 11, 2022
About this deal
AI
A condo located at 725 NE 24th St in Edgewater, Miami, was recently sold for a sale price of $2,575,900. The property spans 1,997 square feet and has a price per square foot of $1,290.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,575,900
- Market: Edgewater, Miami
- Address: 725 NE 24th St
The buyers of the condo are Preeti Bajaj and Rajiv Korpal. The sellers are The Melo Group and Aria Reserve. The broker responsible for the transaction is Alvina Nosikovsky from Premier Elite Realty.
Alvina Nosikovsky can be reached via email at [email protected] or by phone at 646.220.8533. According to the brokers, they found a dream home for their clients.
On the Map
$2,575,900
$787/SF
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.16%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93