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725 Northeast 24th Street

Janet Jennings Acquires New Development In Miami For $2.8M
SOLDCondo

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.

Players

Lisandra Martinez

BARNES International Realty

Broker

$36.6M

vol

7 deals

Broker
AR
Aria ReserveSeller

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