BHHS EWM Realty Acquires Condo In Park West, Miami For $7.5M
SOLD
$7,500,000
Florida
See Similar DealsCondo4,600 SF
Sold 01/22/2022
SOLD
BHHS EWM Realty Acquires Condo In Park West, Miami For $7.5M
1000 Biscayne Boulevard, Miami, FL 33132
See Similar DealsCondo4,600 SF
Sold 01/22/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,630
Total Square Footage:4,600 SF
Transaction Type:Sale
A condo located at 1000 Biscayne Blvd in Park West, Miami has been sold for a sale price of $7,500,000. The condo has a total area of 4,600 square feet and a price per square foot of $1,630. The transaction took place on January 20, 2022. The buyer was represented by Anna Karan from BHHS EWM Realty.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,500,000
- Address: 1000 Biscayne Blvd
- Market: Park West, Miami
- Square Footage: 4,600
- Price Per Square Foot: $1,630
Anna Karan from BHHS EWM Realty served as the buyer's representative in this transaction. The sale of the condo at 1000 Biscayne Blvd highlights the collaboration between the buyer and their representative to acquire a desirable property in the Park West area of Miami.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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