Preeti Bajaj & Rajiv Korpal Acquire Edgewater Condo From The Melo Group For $2.6M
SOLD
Florida
See Similar DealsCondo3,270 SF
Sold 09/11/2022
SOLD
Preeti Bajaj & Rajiv Korpal Acquire Edgewater Condo From The Melo Group For $2.6M
725 Northeast 24th Street
See Similar DealsCondo3,270 SF
Sold 09/11/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$787
Total Square Footage:3,270 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$137,381.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,151.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,211.08
Annual Debt Service$146,532.96
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