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700 Northeast 24th Street, ...

Josh Doprak Acquires Edgewater Condo In Miami From The Melo Group For $1.26M
SOLDSingle Family Residence

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

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker
Carlos Melo

Carlos Melo

Melo Group

Seller

$767M

vol

10 deals

Seller

Miami Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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