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
About this deal
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.
On the Map
$4,500,900
$1,445/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $4.5M for 3,114 square feet (2025).
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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