Josh Doprak Acquires Edgewater Condo In Miami From The Melo Group For $1.26M
700 Northeast 24th Street, Miami, Florida 33137, United States
$1,259,900
$640/SF
Building Size
1,966 SF
Asset Type
Single Family Residence
Closing
Aug 25, 2022
AI
The sale of a condominium unit in Edgewater, Miami has taken place at 700 NE 24th St. The condo, with a size of 1,571 square feet, was sold for a price of $1,259,900, resulting in a price per square foot of $802. The transaction was finalized on 08/26/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,259,900
- Square Footage: 1,571
- Price per Square Foot: $802
- Address: 700 NE 24th St
- Market: Edgewater, Miami
The buyer of the condo is Josh Doprak, while the seller is The Melo Group, represented by Carlos Melo and Martin Melo. Gershon Adjaye from Keller Williams Miami Beach acted as the buyer's representative in the deal.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93