Oppenheim Realty Sells Condo Unit At 1000 Biscayne Blvd In Miami For $7.2M In USDC Cryptocurrency
1000 Biscayne Boulevard, Miami, Florida 33132, United States
$7,200,000
$1,565/SF
Building Size
4,600 SF
Asset Type
Condo
Closing
Apr 13, 2022
AI
A 4,600 square foot condo located at 1000 Biscayne Blvd in Miami has been sold for a price of $7,200,000 in USDC cryptocurrency. The property, listed by Zachary Oppenheim and Madison Roberts of Oppenheim Realty, offers a prime location in the vibrant Miami market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,200,000 in USDC cryptocurrency
- Address: 1000 Biscayne Blvd
- Market: Miami
- Asset Type: Condo
- Brokers: Zachary Oppenheim & Madison Roberts - Oppenheim Realty
- Square Footage: 4,600
- Price per Square Foot: $1,565
Zachary Oppenheim and Madison Roberts of Oppenheim Realty successfully facilitated this real estate transaction, representing the buyer and seller involved. The deal not only highlights the desirable characteristics of the condo, including its high-end amenities and coveted location in the bustling Miami market, but also showcases the growing acceptance of cryptocurrency in property transactions.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93