facebook
Traded Co logo
Submit

Preeti Bajaj & Rajiv Korpal Acquire Edgewater Condo From The Melo Group For $2.57M

Property Image
SOLD
$2,575,900

Florida

See Similar Deals
Condo1,997 SF
Sold 11/09/2022
the dealplayerscompscontact
Property Image
SOLD

Preeti Bajaj & Rajiv Korpal Acquire Edgewater Condo From The Melo Group For $2.57M

725 Northeast 24th Street

See Similar Deals
Condo1,997 SF
Sold 11/09/2022
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,289
Total Square Footage:1,997 SF
Transaction Type:Sale

The recently closed property transaction in Edgewater, Miami involves a stunning condo located at 725 NE 24th St. The condo offers a total area of 1,997 square feet and was sold for a total price of $2,575,900, resulting in a price per square foot of $1,290. This transaction took place on November 9, 2022, and the property belongs to the asset type of Condo.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $2,575,900
  • Square Footage: 1,997 sqft
  • Price per Square Foot: $1,290
  • Address: 725 NE 24th St, Edgewater, Miami
  • Buyer: Preeti Bajaj & Rajiv Korpal
  • Seller: The Melo Group ; Aria Reserve
  • Broker: Alvina Nosikovsky - Premier Elite Realty

The buyers, Preeti Bajaj and Rajiv Korpal, were guided through this transaction by their broker representative, Alvina Nosikovsky from Premier Elite Realty. Alvina can be reached at [email protected] or 646.220.8533. The note from the brokers indicates that they have successfully found a dream home for their clients.

Players

2 deals$5.2M volume
BUYER

2 deals$5.2M volume
BUYER

SELLER


Details

SOLD
IMAGE: Alvina Nosikovsky DATE: 11/09/2022 ADDRESS: 725 NE 24th St MARKET: Edgewater, Miami ASSET TYPE: Condo BUYER: Preeti Bajaj & Rajiv Korpal SELLER: The Melo Group (@TheMeloGroup); Aria Reserve (@AriaReserve) BROKER: Alvina Nosikovsky (@Alvina_Nosikov) - Premier Elite Realty (@Premier.Elite) SALE PRICE: $2,575,900 SF: 1,997 ~ PPSF: $1,290 NOTE FROM BROKERS: Found a dream home for our clients Alvina Nosikovsky [email protected] 646.220.8533

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
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