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99 Southeast 5th Street

Eduardo Simoes Purchases Condo From Related Group For $4.5 Million In Miami
SOLDCondo

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

Giovanni Caloretti

Broker

$6.8M

vol

2 deals

Broker
Related Group
Related GroupSeller

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