SB Development Group And Hazelton Capital Group Sell Cove Miami Condos For $3.2M
456 Northeast 29th Street
$3,204,000
$1,311/SF
Building Size
2,444 SF
Asset Type
Condo
Closing
Jul 28, 2025
AI
The condos located at 456 Northeast 29th Street Unit 2102 & 2202 in Cove Miami are now under contract at a sale price of $3,204,000. These residences encompass a total square footage of 2,444 and equate to a price per square foot of $1,310. The market for this transaction is Miami, known for its luxury real estate offerings.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,204,000
- Square Footage: 2,444
- Price Per Square Foot: $1,310
- Address: 456 Northeast 29th Street Unit 2102 & 2202 - Cove Miami
- Seller: SB Development Group & Hazelton Capital Group
- Broker: Glice Parente - 1st Florida Homes
- Date: 07/29/2025
The transaction involved Glice Parente from 1st Florida Homes representing the brokerage efforts. Special acknowledgment was given to SB Development Group and Hazelton Capital Group for their collaboration throughout the process.
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
4.95%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93