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
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.
Players
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93