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SB Development Group And Hazelton Capital Group Sell Cove Miami Condos For $3.2M

Property Image
SOLD
$3,204,000

Florida

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Condo2,444 SF
Sold 07/29/2025
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Property Image
SOLD

SB Development Group And Hazelton Capital Group Sell Cove Miami Condos For $3.2M

456 Northeast 29th Street

See Similar Deals
Condo2,444 SF
Sold 07/29/2025
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,311
Total Square Footage:2,444 SF
Transaction Type:Sale

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

Glice Parente
Glice Parente
1 deal$3.2M volume
BROKER
SG
SB Development Group
SELLER

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Adam Westreich, Glice Parente & Joseph Stern DATE: 07/29/2025 ADDRESS: 456 Northeast 29th Street Unit 2102 & 2202 - Cove Miami MARKET: Miami ASSET TYPE: Condo SELLER: SB Development Group (@SBD1oak) & Hazelton Capital Group (@HazeltonCapitalGroup) BROKER: Glice Parente (@GliceParenterealtor_) - 1st Florida Homes SALE PRICE: $3,204,000 SF: 2,444 ~ PPSF: $1,310 NOTE FROM BROKER: Excited to announce these two stunning residences at Cove Miami are now sold. Offering over 42,000 sq. ft. of luxury amenities and the best-priced new construction on the water, Cove Miami continues to set a new standard for waterfront living. Special thanks to SB Development Group and Hazelton Capital Group for their trust and collaboration. ARTICLE URL: https://www.covemia.com/?utm_source=Traded&utm_medium=traded&utm_campaign=Traded+Deal+Article

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,383.14
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