OKO Group's Missoni Baia Residences Condo In Edgewater, Miami Sells For $4.1M
777 Northeast 26th Terrace
$4,100,000
$828/SF
Building Size
4,951 SF
Asset Type
Condo
Closing
Sep 15, 2023
About this deal
AI
The property involved in this transaction is a condominium located at 777 Northeast 26th Terrace in the Edgewater neighborhood of Miami. Known as Missoni Baia Residences, this condo offers a total area of 4,951 square feet. The sale price for this property was $4,100,000, resulting in a price per square foot of $828. The seller, OKO Group, and the broker representing the seller, Maya Arias from Nest Seekers International, facilitated this transaction.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,100,000
- Square Footage: 4,951
- Price Per Square Foot: $828
- Address: 777 Northeast 26th Terrace, Edgewater, Miami
- Market: Edgewater, Miami
- Seller: OKO Group
- Seller's Broker: Maya Arias - Nest Seekers International
This transaction showcases the collaboration between the seller, OKO Group, and their representative broker, Maya Arias of Nest Seekers International. Together, they closed the deal for this 4,951 square foot condominium located at 777 Northeast 26th Terrace in Edgewater, Miami. The sale price of $4,100,000 reflects a price per square foot of $828.
Players
Miami Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93