Aria Reserve Miami Sells New Development In Miami For $3.96M With Buyer's Rep Sauveur Lichan - BARNES International Realty
SOLD
$3,960,000
Florida
See Similar DealsCondo3,270 SF
Sold 10/25/2023
SOLD
Aria Reserve Miami Sells New Development In Miami For $3.96M With Buyer's Rep Sauveur Lichan - BARNES International Realty
725 Northeast 24th Street
See Similar DealsCondo3,270 SF
Sold 10/25/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,211
Total Square Footage:3,270 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$211,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,069.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,772.42
Annual Debt Service$225,269.04
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