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1000 Southeast 4th Street, ...

David D'Alessandro Acquires Condo On 1000 Biscayne Blvd In Miami For $6.3M
SOLD

David D'Alessandro Acquires Condo On 1000 Biscayne Blvd In Miami For $6.3M

1000 Southeast 4th Street, Miami, Florida 33131, United States

$6,300,000

$1,369/SF

Building Size

4,600 SF

Asset Type

Closing

Jan 9, 2022

AI

The condo located at 1000 Biscayne Boulevard Unit 2902 in Miami has been sold in a recent transaction. The property spans across 4,600 square feet and was sold for a total price of $6,300,000, resulting in a price per square foot of $1,370.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $6,300,000

David D'Alessandro has purchased the property from the sellers, Sela Ann Ward and Howard Sherman, who are represented by Anna Sherrill from One Sotheby's International Realty. Karen Stauber from Coldwell Banker Realty acted as the buyer's representative in this deal.

Players

Anna Sherrill

Sotheby's International Realty

Broker

$195.5M

vol

12 deals

Broker

Miami CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93