Preeti Bajaj & Rajiv Korpal Acquire Edgewater Condo From The Melo Group For $2.57M
725 Northeast 24th Street
$2,575,900
$1,289/SF
Building Size
1,997 SF
Asset Type
Condo
Closing
Nov 9, 2022
AI
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
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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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