Edison Pulaha & Raul Bernal Complete Lease Deal For Miami Condo On 1000 Biscayne Boulevard
1000 Biscayne Boulevard
$7
$7/SF
Building Size
4,876 SF
Asset Type
Condo
Closing
Jul 30, 2023
AI
A luxurious condo located at 1000 Biscayne Boulevard in Miami has been leased for a term of 13 months. The property, spanning 4,876 square feet, is a prestigious asset in the market. The lease was facilitated by Edison Pulaha from Interealty Exchange, representing the landlord, and Raul Bernal from Luxe Listings, acting as the tenant's representative.
Summary of transaction details
- Property Type: Condo
- Asking Rent: $37,500/Month
- Square Footage: 4,876
- Lease Term: 13 months
- Address: 1000 Biscayne Boulevard, Miami
- Landlord's Rep: Edison Pulaha - Interealty Exchange
- Tenant's Rep: Raul Bernal - Luxe Listings
This lease agreement for the condo was made possible through the collaboration of Edison Pulaha, who represented the landlord, and Raul Bernal, who represented the tenant. Both brokers played crucial roles in negotiating the lease terms and ensuring a successful transaction. The leasing of this prestigious property demonstrates the expertise and professionalism of Pulaha and Bernal in the Miami market.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2266142.86%
Cash-on-Cash
-647670.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93