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1000 Biscayne Boulevard

Edison Pulaha & Raul Bernal Complete Lease Deal For Miami Condo On 1000 Biscayne Boulevard
LEASEDCondo

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

Edison Pulaha

Broker

3 deals

Broker

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