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1000 Biscayne Boulevard, Mi...

BHHS EWM Realty Acquires Condo In Park West, Miami For $7.5M
SOLDCondo

BHHS EWM Realty Acquires Condo In Park West, Miami For $7.5M

1000 Biscayne Boulevard, Miami, FL 33132

$7,500,000

$1,630/SF

Building Size

4,600 SF

Asset Type

Condo

Closing

Jan 22, 2022

AI

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.

Players

Anna Karan

Sotheby's International Realty

Broker

$33M

vol

3 deals

Broker

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93