Aria Reserve Sells Condo In Edgewater, Miami For $1.66M
725 Northeast 24th Street, Miami, Florida 33137, United States
$1,658,900
$1,658,900/SF
Building Size
1 SF
Asset Type
Condo
Closing
Oct 21, 2022
AI
An Edgewater, Miami condo located at 725 NE 24th St has been sold for a price of $1,658,900. The condo spans 1,523 square feet and has a price per square foot of $1,089. The sale was completed on 10/21/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,658,900
- Market: Edgewater, Miami
- Image: Dave Omach
- Seller: Aria Reserve
- Buyer's Representative: Dave Omach - Jazayri Realty, LLC
Dave Omach from Jazayri Realty, LLC represented the buyer in this transaction. The purchase of the condo at 725 NE 24th St in Edgewater, Miami showcases the demand for properties in this area. With a sale price of $1,658,900 and a square footage of 1,523, it is evident that this condo offers attractive features to potential buyers.
Players
Miami Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.56%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93