Janet Jennings Acquires New Development In Miami For $2.8M
SOLD
$2,775,900
Florida
See Similar DealsCondo3,270 SF
Sold 11/21/2023
SOLD
Janet Jennings Acquires New Development In Miami For $2.8M
725 Northeast 24th Street
See Similar DealsCondo3,270 SF
Sold 11/21/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$848
Total Square Footage:3,270 SF
Transaction Type:Sale
725 Northeast 24th Street in Miami has been sold in a recent transaction. The property is a new development and features a total square footage of 3,270. The sale price for this transaction was $2,775,900, resulting in a price per square foot of $849.
Summary of transaction details
- Property Type: New Development
- Transaction Amount: $2,775,900
- Square Footage: 3,270
- Address: 725 Northeast 24th Street, Miami
Janet Jennings has purchased the property from Aria Reserve Miami in this deal. The transaction was facilitated by Lisandra Martinez from Compass, who represented the buyer in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$148,048.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,862.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,159.18
Annual Debt Service$157,910.19
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