David Lawson Acquires Condo In Downtown Miami For $1.15M
1040 Biscayne Boulevard, Miami, Florida 33132, United States
$1,150,000
$258/SF
Building Size
4,450 SF
Asset Type
—
Closing
Jan 30, 2022
About this deal
AI
A condo located at 1040 Biscayne Blvd. in Downtown Miami has been sold for $1,150,000. The property consists of 1,794 square feet and has a price per square foot of $641. The sale took place on January 31, 2022.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,150,000
The buyer of the property is David Lawson. Representing the seller was Darin J. Feldman from Insignia International. The sale was facilitated by Darin J. Feldman.
The commercial sale at 1040 Biscayne Boulevard, Miami, Florida 33132, United States in Miami, Florida sold for $1.2M in 2022. The building is 4,450 square feet, implying about 258 per square foot on the published price. Alfredo Caprile, Scott Klein, Darin Feldman, Insignia International Properties appear on the sale alongside Insignia International Properties, Coldwell Banker. This page is the Miami, Florida file for the 1040 Biscayne Boulevard, Miami, Florida 33132, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Miami sit in the Market section below. Filter that Miami commercial set by closing date to see what else sold near 1040 Biscayne Boulevard, Miami, Florida 33132, United States around 2022. Published consideration for 1040 Biscayne Boulevard, Miami, Florida 33132, United States is $1.2M, dated 2022. Cite this David Lawson Acquires Condo In Downtown Miami For $1.15M sale when underwriting similar commercial product around Miami, Florida.
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Deal FAQ
About $258 per square foot on a published $1.2M for 4,450 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93