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
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