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200 Biscayne Boulevard Way,...

Margarita Sanclemente & Juan Jose Velasquez Acquire Condo On 200 Biscayne Boulevard Way, Miami For $1M
SOLD

Margarita Sanclemente & Juan Jose Velasquez Acquire Condo On 200 Biscayne Boulevard Way, Miami For $1M

200 Biscayne Boulevard Way, Miami, FL 33131, USA

$1,000,000

$666/SF

Building Size

1,500 SF

Asset Type

Closing

Jul 8, 2020

AI

A condo located at 200 Biscayne Boulevard Way in Miami, FL was recently sold for $1,000,000. The property spans 1,500 square feet with a price per square foot of $667. The sale took place on 07/08/2021 and was represented by Margarita Sanclemente and Juan Jose Velasquez of Sanclemente Group.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $1,000,000
  • Address: 200 Biscayne Boulevard Way, Miami, FL
  • Square Footage: 1,500
  • Price per Square Foot: $667
  • Brokers: Margarita Sanclemente and Juan Jose Velasquez - Sanclemente Group

Margarita Sanclemente and Juan Jose Velasquez, representing Sanclemente Group, facilitated the sale of the condo. The transaction occurred on 07/08/2021 and involved a property located at 200 Biscayne Boulevard Way in Miami, FL. The condo measures 1,500 square feet and sold for $1,000,000. Both brokers played a crucial role in overseeing the deal, ensuring a successful transaction for all parties involved.

Players

Margarita Sanclemente

Douglas Elliman

Broker

$42.9M

vol

6 deals

Broker

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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93