David Lawson Acquires Condo In Downtown Miami For $1.15M
SOLD
$1,150,000
Florida
See Similar Deals4,450 SF
Sold 01/31/2022
SOLD
David Lawson Acquires Condo In Downtown Miami For $1.15M
1040 Biscayne Boulevard, Miami, Florida 33132, United States
See Similar Deals4,450 SF
Sold 01/31/2022
Summary
FLORIDA
Price Per Square Foot:$258
Total Square Footage:4,450 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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