SB Development Group Hazelton Capital Group And OneWorld Properties Sell Cove Miami Condo For $2.94M
456 Northeast 29th Street
$2,938,000
$1,087/SF
Building Size
2,701 SF
Asset Type
Condo
Closing
Oct 11, 2025
AI
The property involved in this transaction is a condo located at 456 Northeast 29th Street Unit 2701 in Miami. The sale price was $2,938,000, covering a total square footage of 2,304 with a price per square foot of $1,275.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,938,000
- Square Footage: 2,304
- Price per Square Foot: $1,275
- Market: Miami
- Seller: SB Development Group, Hazelton Capital Group & OneWorld Properties
- Brokers: Joseph Mishkin - Luxury Partners Realty; Hila Dror - OneWorld Properties
This transaction involved key individuals and companies such as Joseph Mishkin representing Luxury Partners Realty and Hila Dror from OneWorld Properties, both of whom played crucial roles in facilitating the sale of the property by the sellers. Their involvement underscores the collaborative effort undertaken to secure the deal in the competitive Miami market.
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
5.40%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93