Janet Jennings Acquires New Development In Miami For $2.8M
725 Northeast 24th Street
$2,775,900
$848/SF
Building Size
3,270 SF
Asset Type
Condo
Closing
Nov 21, 2023
AI
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.
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
5.71%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93