Tyler Durden Acquires Miami Condo From Steven Cronig For $8.7 Million With Jackson Keddell As The Broker
SOLD
$8,700,000
Florida
See Similar DealsCondo4,725 SF
Sold 02/11/2025
SOLD
Tyler Durden Acquires Miami Condo From Steven Cronig For $8.7 Million With Jackson Keddell As The Broker
175 Southeast 25th Road
See Similar DealsCondo4,725 SF
Sold 02/11/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,841
Total Square Footage:4,725 SF
Transaction Type:Sale
The condo located at 175 Southeast 25th Road PH4002 in Miami was sold for $8,700,000. The property spans 4,725 square feet and has a price per square foot of $1,841.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,700,000
- Address: 175 Southeast 25th Road PH4002
- Market: Miami
- Buyer: Tyler Durden
- Seller: Steven Cronig
- Broker: Jackson Keddell - Douglas Elliman
Jackson Keddell represented the seller, Steven Cronig, in this transaction, facilitating the sale to buyer Tyler Durden.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$463,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26
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