Eduardo Simoes Purchases Condo From Related Group For $4.5 Million In Miami
SOLD
$4,500,900
Florida
See Similar DealsCondo3,114 SF
Sold 05/15/2025
SOLD
Eduardo Simoes Purchases Condo From Related Group For $4.5 Million In Miami
99 Southeast 5th Street
See Similar DealsCondo3,114 SF
Sold 05/15/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,445
Total Square Footage:3,114 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,048.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,990.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,336.56
Annual Debt Service$256,038.75
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