Aria Reserve Sells Condo In Edgewater, Miami For $1.66M
SOLD
$1,658,900
Florida
See Similar DealsCondo1 SF
Sold 10/21/2022
SOLD
Aria Reserve Sells Condo In Edgewater, Miami For $1.66M
725 Northeast 24th Street, Miami, Florida 33137, United States
See Similar DealsCondo1 SF
Sold 10/21/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,658,900
Total Square Footage:1 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,474.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,893.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,864.03
Annual Debt Service$94,368.39
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