Exclusive Premier Realty Acquires Condo On Biscayne Blvd In Miami For $785K
1100 Biscayne Blvd, Miami, FL, USA
$785,000
$504/SF
Building Size
1,557 SF
Asset Type
—
Closing
Sep 2, 2021
About this deal
AI
The property involved in this closed transaction is a condo located at 1100 Biscayne Blvd in Miami. The condo has a total square footage of 1,557 and was sold for a price of $785,000, which translates to a price per square foot of $504.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $785,000
- Seller: Pierry Novais
- Buyer's Rep: Shany Malca - Exclusive Premier Realty
- Seller's Rep: Ana Laura Rodarte - Compass
The buyer was represented by Shany Malca from Exclusive Premier Realty, while the seller was represented by Ana Laura Rodarte from Compass.
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
20.21%
Cash-on-Cash
-5.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93