Aria Reserve Miami Sells New Development In Miami For $3.96M With Buyer's Rep Sauveur Lichan - BARNES International Realty
725 Northeast 24th Street
$3,960,000
$1,211/SF
Building Size
3,270 SF
Asset Type
Condo
Closing
Oct 25, 2023
About this deal
AI
The property involved in this transaction is a new development located at 725 Northeast 24th Street in Miami. The property has a total area of 3,733 square feet and was sold for a price of $3,960,000, resulting in a price per square foot of $1,061.
Summary of transaction details
- Property Type: New Development
- Transaction Amount: $3,960,000
- Seller: Aria Reserve Miami
- Buyer's Representative: Sauveur Lichan - BARNES International Realty
- Market: Miami
The buyer's representative in this deal is Sauveur Lichan from BARNES International Realty. They played a crucial role in facilitating the transaction for the buyer. The seller of the property is Aria Reserve Miami. This transaction marks an important milestone in the real estate market in Miami.
On the Map
$3,960,000
$1,211/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $4M for 3,270 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.01%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93