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710 Northeast 29th Street

Marty Sans Purchases Condo At 710 Northeast 29th Street Miami For $5.15M With Gershon Adjaye As The Broker
SOLDCondo

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

Gershon Adjaye

Keller Williams NYC

Broker

$49.4M

vol

27 deals

Broker

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