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
About this deal
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
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $6.3M for 4,600 square feet (2022).
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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