Eduardo Simoes Purchases Condo From Related Group For $4.5 Million In Miami
99 Southeast 5th Street
$4,500,900
$1,445/SF
Building Size
3,114 SF
Asset Type
Condo
Closing
May 14, 2025
AI
The asset involved in the transaction is a condo located at 99 Southeast 5th Street in Miami. The sale price was $4,500,900, with a total area of 3,114 square feet, resulting in a price per square foot of $1,445.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,500,900
- Buyer: Eduardo Simoes
- Seller: Related Group
- Broker: Giovanni Caloretti
- Date of transaction: 5/15/2025
Giovanni Caloretti represented the seller, Related Group, in this deal, facilitating the transaction between the buyer and seller for the condo in Miami.
Players
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
3.52%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93