Marty Sans Purchases Condo At 710 Northeast 29th Street Miami For $5.15M With Gershon Adjaye As The Broker
710 Northeast 29th Street
$5,150,000
$1,732/SF
Building Size
2,972 SF
Asset Type
Condo
Closing
Sep 25, 2024
AI
This transaction involves a condo located at 710 Northeast 29th Street in Miami, with a sale price of $5,150,000. The property has a total square footage of 2,972, equating to a price per square foot of $1,732.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,150,000
- Buyer: Marty Sans
- Seller: David Martin - Terra; Kevin Venger, Louis Birdman & Michael Konig - One Thousand Group
- Buyer's Representative: Gershon Adjaye - Keller Williams
- Seller's Representative: Sarit Oren - Douglas Elliman
The property represents a collaboration between Terra and One Thousand Group, with lifestyle curation by Major Food Group, led by Mario Carbone and team. The completion date is anticipated for Q4-2026/Q1-2027. The building will feature amenities such as two house cars, a rooftop helicopter pad, and a Riva yacht for resident pickups and drop-offs.
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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93